UGI Co. (NYSE:UGI) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in shares of UGI Co. (NYSE:UGI) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,079 shares of the utilities provider’s stock after buying an additional 2,079 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in UGI were worth $2,054,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Roffman Miller Associates Inc. PA increased its position in UGI by 3.9% during the 3rd quarter. Roffman Miller Associates Inc. PA now owns 183,305 shares of the utilities provider’s stock worth $4,586,000 after purchasing an additional 6,850 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of UGI during the third quarter worth about $2,928,000. Zacks Investment Management raised its position in shares of UGI by 229.1% in the third quarter. Zacks Investment Management now owns 31,572 shares of the utilities provider’s stock valued at $790,000 after buying an additional 21,979 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of UGI during the third quarter valued at approximately $361,000. Finally, Kovitz Investment Group Partners LLC boosted its position in UGI by 2.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 104,016 shares of the utilities provider’s stock worth $2,587,000 after acquiring an additional 2,259 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

UGI stock opened at $27.73 on Wednesday. The company has a market cap of $5.95 billion, a PE ratio of 22.36 and a beta of 1.21. 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 50-day moving average price of $25.95 and a two-hundred day moving average price of $24.60. UGI Co. has a 12-month low of $21.67 and a 12-month high of $30.48.

UGI Dividend Announcement

The firm also recently announced 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 yield of 5.41%. The ex-dividend date is Monday, December 16th. UGI’s dividend payout ratio (DPR) is presently 120.97%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their price target on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group began coverage on UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 target price on the stock. Finally, Mizuho upgraded 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 report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.