Ethic Inc. Purchases 34,549 Shares of UGI Corporation $UGI

Ethic Inc. increased its position in UGI Corporation (NYSE:UGI) by 47.3% in the third quarter, Holdings Channel.com reports. The fund owned 107,589 shares of the utilities provider’s stock after purchasing an additional 34,549 shares during the period. Ethic Inc.’s holdings in UGI were worth $3,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UGI. Parkside Financial Bank & Trust boosted its stake in UGI by 80.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 322 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of UGI in the third quarter worth $43,000. Aberdeen Wealth Management LLC purchased a new position in shares of UGI in the second quarter worth $42,000. Versant Capital Management Inc raised its stake in shares of UGI by 45.6% in the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 397 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of UGI during the second quarter valued at $53,000. 82.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UGI shares. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and increased their price objective for the company from $40.00 to $43.00 in a research report on Wednesday, September 9th. Wall Street Zen lowered UGI from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised UGI from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Weiss Ratings restated a “hold (c+)” rating on shares of UGI in a research note on Wednesday, November 4th. Finally, Scotiabank assumed coverage on shares of UGI in a report on Tuesday, September 29th. They set an “outperform” rating and a $46.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

UGI Stock Up 0.0%

UGI stock opened at $37.49 on Wednesday. UGI Corporation has a one year low of $31.65 and a one year high of $41.34. The stock has a fifty day moving average of $37.68 and a 200 day moving average of $36.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.22 and a current ratio of 1.44. The stock has a market cap of $8.04 billion, a PE ratio of 12.84 and a beta of 0.94.

UGI Profile

UGI Corporation is a diversified energy company based in King of Prussia, Pennsylvania. Its businesses distribute and market natural gas, propane and other energy products, and provide related services to residential, commercial and industrial customers. In the United States, UGI operates regulated natural gas and electric utilities in Pennsylvania, supplies natural gas and electricity through its energy-marketing business, and owns energy-related infrastructure. Its propane operations include AmeriGas, which serves customers across the country.