Russell Investments Group Ltd. lowered its holdings in UGI Corporation (NYSE:UGI) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,233 shares of the utilities provider’s stock after selling 32,707 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of UGI worth $12,047,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in UGI. Captrust Financial Advisors acquired a new stake in UGI during the 2nd quarter valued at $527,000. FDx Advisors Inc. acquired a new stake in UGI during the 3rd quarter valued at $547,000. World Asset Management Inc grew its holdings in UGI by 1.1% during the 2nd quarter. World Asset Management Inc now owns 11,858 shares of the utilities provider’s stock valued at $574,000 after purchasing an additional 124 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in UGI by 10.0% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock valued at $690,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in UGI by 13.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 21,764 shares of the utilities provider’s stock valued at $1,054,000 after purchasing an additional 2,540 shares in the last quarter. 76.94% of the stock is owned by institutional investors.
UGI has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of UGI from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, August 10th. BidaskClub raised shares of UGI from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Barclays reaffirmed a “sell” rating and set a $48.00 price target on shares of UGI in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. UGI has a consensus rating of “Hold” and a consensus target price of $48.75.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 14th. UGI’s dividend payout ratio is currently 40.65%.
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UGI Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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