Cyndeo Wealth Partners LLC Buys Shares of 255,965 UGI Co. (NYSE:UGI)

Cyndeo Wealth Partners LLC purchased a new position in shares of UGI Co. (NYSE:UGI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 255,965 shares of the utilities provider’s stock, valued at approximately $7,226,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC increased its position in shares of UGI by 42.0% in the third 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 in the last quarter. Geode Capital Management LLC grew its stake in UGI by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after acquiring an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in UGI by 47.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after acquiring an additional 808,113 shares in the last quarter. Hennessy Advisors Inc. raised its position in UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after acquiring an additional 2,265,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of UGI by 32.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,327,248 shares of the utilities provider’s stock valued at $53,293,000 after purchasing an additional 566,416 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UGI. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They set 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 company an “equal weight” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

UGI Trading Down 0.5 %

Shares of UGI opened at $30.36 on Friday. The stock has a fifty day moving average of $28.29 and a two-hundred day moving average of $25.64. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $30.66. The company has a market capitalization of $6.52 billion, a PE ratio of 24.48 and a beta of 1.21.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were issued a $0.375 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.94%. UGI’s payout ratio is 120.97%.

About UGI

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.