Nilsine Partners LLC Purchases 2,646 Shares of UGI Co. (NYSE:UGI)

Nilsine Partners LLC boosted its holdings in shares of UGI Co. (NYSE:UGI) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,318 shares of the utilities provider’s stock after acquiring an additional 2,646 shares during the quarter. Nilsine Partners LLC’s holdings in UGI were worth $517,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Easterly Investment Partners LLC boosted its holdings in UGI by 0.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after purchasing an additional 450 shares during the period. Wright Investors Service Inc. lifted its stake in shares of UGI by 1.3% in the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after buying an additional 484 shares during the period. MetLife Investment Management LLC grew its position in UGI by 0.4% during the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after buying an additional 489 shares in the last quarter. Signaturefd LLC increased its stake in UGI by 7.2% during the third quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock valued at $197,000 after acquiring an additional 531 shares during the period. Finally, UMB Bank n.a. raised its holdings in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 540 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UGI has been the topic of several recent research reports. Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Wells Fargo & Company increased their price objective 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Price Performance

UGI stock opened at $30.42 on Wednesday. The business has a 50 day simple moving average of $28.54 and a 200 day simple moving average of $25.79. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The company has a market capitalization of $6.53 billion, a PE ratio of 24.53 and a beta of 1.21. UGI Co. has a one year low of $22.01 and a one year high of $30.93.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were paid a $0.375 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.93%. UGI’s dividend payout ratio is presently 120.97%.

UGI 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.