Pacer Advisors Inc. raised its position in shares of UGI Corp (NYSE:UGI) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,415 shares of the utilities provider’s stock after purchasing an additional 2,998 shares during the period. Pacer Advisors Inc.’s holdings in UGI were worth $1,378,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors bought a new stake in shares of UGI during the 2nd quarter worth about $527,000. FDx Advisors Inc. bought a new stake in shares of UGI during the 3rd quarter worth about $547,000. World Asset Management Inc raised its position in shares of UGI by 1.1% during the 2nd quarter. World Asset Management Inc now owns 11,858 shares of the utilities provider’s stock worth $574,000 after buying an additional 124 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in shares of UGI by 10.0% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock worth $690,000 after buying an additional 1,336 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of UGI by 13.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 21,764 shares of the utilities provider’s stock worth $1,054,000 after buying an additional 2,540 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.
UGI Corp (NYSE:UGI) traded up $0.37 during trading on Thursday, hitting $49.64. 1,316,351 shares of the stock traded hands, compared to its average volume of 691,403. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 1.00. The stock has a market capitalization of $8,451.55, a P/E ratio of 21.31 and a beta of 0.68. UGI Corp has a 1-year low of $43.92 and a 1-year high of $52.00.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, December 14th. UGI’s dividend payout ratio is 40.65%.
A number of analysts recently commented on UGI shares. Zacks Investment Research upgraded shares of UGI from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, August 10th. BidaskClub upgraded shares of UGI from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Barclays reiterated a “sell” rating and issued a $48.00 target price on shares of UGI in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.75.
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UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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