Teachers Retirement System of The State of Kentucky Sells 1,840 Shares of UGI Co. (NYSE:UGI)

Teachers Retirement System of The State of Kentucky decreased its position in shares of UGI Co. (NYSE:UGI) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,760 shares of the utilities provider’s stock after selling 1,840 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in UGI were worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. raised its position in shares of UGI by 33.0% in the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after acquiring an additional 50,485 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of UGI by 2,402.0% during the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 25,005 shares during the period. FMR LLC grew its stake in shares of UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after buying an additional 2,786,878 shares during the period. Commerce Bank bought a new stake in UGI in the 3rd quarter valued at about $645,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in UGI by 945.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider’s stock worth $1,283,000 after acquiring an additional 46,377 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Price Performance

Shares of NYSE:UGI opened at $28.09 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. The stock has a market cap of $6.03 billion, a PE ratio of 22.65 and a beta of 1.21. The stock’s fifty day simple moving average is $25.87 and its two-hundred day simple moving average is $24.58. UGI Co. has a 1-year low of $21.67 and a 1-year high of $30.48.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date is Monday, December 16th. UGI’s payout ratio is currently 120.97%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group began coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

UGI 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.