Avantax Planning Partners Inc. acquired a new position in UGI Co. (NYSE:UGI) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 4,686 shares of the utilities provider’s stock, valued at approximately $217,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Cadence Bank NA raised its position in UGI by 2.0% in the 2nd quarter. Cadence Bank NA now owns 10,975 shares of the utilities provider’s stock worth $508,000 after purchasing an additional 214 shares during the period. Cigna Investments Inc. New raised its position in UGI by 3.4% in the 1st quarter. Cigna Investments Inc. New now owns 7,431 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 246 shares during the period. Edmp Inc. raised its position in UGI by 0.4% in the 2nd quarter. Edmp Inc. now owns 71,826 shares of the utilities provider’s stock worth $3,326,000 after purchasing an additional 256 shares during the period. Bessemer Group Inc. raised its position in UGI by 33.4% in the 1st quarter. Bessemer Group Inc. now owns 1,198 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 300 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of UGI by 37.7% during the first quarter. Fifth Third Bancorp now owns 1,110 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 304 shares during the period. 81.15% of the stock is currently owned by institutional investors.
Shares of UGI stock opened at $43.84 on Wednesday. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 1.86 and a beta of 0.98. The company’s 50 day moving average is $46.37 and its 200 day moving average is $44.79. The company has a quick ratio of 1.22, a current ratio of 1.40 and a debt-to-equity ratio of 1.19. UGI Co. has a 52-week low of $31.09 and a 52-week high of $48.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Wednesday, September 15th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, September 14th. UGI’s payout ratio is 51.69%.
In related news, CEO John L. Walsh sold 14,949 shares of UGI stock in a transaction that occurred on Wednesday, June 23rd. The shares were sold at an average price of $46.56, for a total transaction of $696,025.44. Following the transaction, the chief executive officer now directly owns 535,787 shares of the company’s stock, valued at $24,946,242.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.
UGI has been the topic of a number of research reports. Barclays raised their target price on shares of UGI from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 22nd. Bank of America raised shares of UGI from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Wednesday, June 23rd. Finally, Zacks Investment Research raised shares of UGI from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Monday, June 28th.
UGI Corp. operates as a holding company that engages in the distribution, storage, transport, and marketing of energy products and services. It operates through the following segments: AmeriGas Propane; UGI International; Midstream and Marketing; and UGI Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.
Further Reading: Initial Coin Offerings entail a high degree of risk
Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Co. (NYSE:UGI).
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.