First Citizens Bank & Trust Co. cut its stake in UGI Corp (NYSE:UGI) by 20.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,136 shares of the utilities provider’s stock after selling 1,867 shares during the period. First Citizens Bank & Trust Co.’s holdings in UGI were worth $335,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC purchased a new position in shares of UGI during the third quarter valued at approximately $323,000. FDx Advisors Inc. purchased a new position in shares of UGI during the third quarter valued at approximately $547,000. Xact Kapitalforvaltning AB lifted its holdings in shares of UGI by 10.0% during the third 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 during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of UGI by 13.2% during the second 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 during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of UGI by 11.3% during the third quarter. Pacer Advisors Inc. now owns 29,415 shares of the utilities provider’s stock valued at $1,378,000 after purchasing an additional 2,998 shares during the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.
Several equities analysts have recently issued reports on UGI shares. Zacks Investment Research lowered shares of UGI from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Barclays reiterated a “sell” rating and set a $48.00 target price on shares of UGI in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.67.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. UGI’s payout ratio is 40.65%.
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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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