2,470 Shares in UGI Co. (NYSE:UGI) Purchased by R Squared Ltd

R Squared Ltd bought a new stake in UGI Co. (NYSE:UGI) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,470 shares of the utilities provider’s stock, valued at approximately $70,000.

Several other institutional investors also recently added to or reduced their stakes in UGI. Marshall Wace LLP acquired a new stake in shares of UGI in the second quarter worth $392,000. Millennium Management LLC increased its holdings in shares of UGI by 135.7% during the 2nd quarter. Millennium Management LLC now owns 1,096,382 shares of the utilities provider’s stock worth $25,107,000 after purchasing an additional 631,124 shares during the period. NewEdge Advisors LLC raised its position in shares of UGI by 9.4% during the second quarter. NewEdge Advisors LLC now owns 89,151 shares of the utilities provider’s stock valued at $2,042,000 after buying an additional 7,690 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of UGI in the second quarter valued at about $448,000. Finally, Truist Financial Corp grew its position in UGI by 79.2% during the second quarter. Truist Financial Corp now owns 17,683 shares of the utilities provider’s stock worth $405,000 after buying an additional 7,813 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

UGI Trading Down 0.8 %

UGI stock opened at $30.74 on Friday. 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 firm has a market cap of $6.60 billion, a P/E ratio of 24.79 and a beta of 1.21. UGI Co. has a 1-year low of $22.01 and a 1-year high of $31.05. The business’s 50 day moving average is $28.90 and its 200-day moving average is $25.91.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.50 annualized dividend and a yield of 4.88%. UGI’s dividend payout ratio is currently 120.97%.

Wall Street Analysts Forecast Growth

UGI has been the subject of several recent research reports. Jefferies Financial Group began coverage on UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target for the company. Wells Fargo & Company raised their target price on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $30.00 in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.33.

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.