Northwest & Ethical Investments L.P. Has $5.40 Million Stock Holdings in UGI Co. (NYSE:UGI)

Northwest & Ethical Investments L.P. raised its stake in UGI Co. (NYSE:UGI) by 20.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 215,809 shares of the utilities provider’s stock after buying an additional 36,037 shares during the period. Northwest & Ethical Investments L.P.’s holdings in UGI were worth $5,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Whittier Trust Co. raised its holdings in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 598 shares during the period. Concord Wealth Partners increased its stake in shares of UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 637 shares during the period. Hantz Financial Services Inc. acquired a new stake in UGI during the 2nd quarter worth approximately $32,000. Duncker Streett & Co. Inc. bought a new stake in UGI in the 2nd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in UGI in the 2nd quarter valued at $40,000. 82.34% of the stock is owned by institutional investors.

UGI Stock Performance

Shares of UGI stock opened at $30.04 on Friday. The company has a 50 day moving average of $24.86 and a 200-day moving average of $24.24. The company has a market cap of $6.45 billion, a PE ratio of 24.23 and a beta of 1.13. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 1.48. UGI Co. has a 1-year low of $21.51 and a 1-year high of $30.48.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Monday, December 16th. UGI’s dividend payout ratio is presently 120.97%.

Analyst Ratings Changes

UGI has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group began coverage on UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, UGI presently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Company Profile

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.