Hennessy Advisors Inc. trimmed its stake in shares of UGI Corp (NYSE:UGI) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 325,752 shares of the utilities provider’s stock after selling 18,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in UGI were worth $15,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in UGI. Mountain Pacific Investment Advisers Inc. ID boosted its position in UGI by 235.3% during the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 226,985 shares of the utilities provider’s stock worth $10,637,000 after purchasing an additional 159,285 shares during the period. Foster & Motley Inc. boosted its position in UGI by 7.3% during the third quarter. Foster & Motley Inc. now owns 100,244 shares of the utilities provider’s stock worth $4,697,000 after purchasing an additional 6,810 shares during the period. Xact Kapitalforvaltning AB boosted its position in UGI by 10.0% during the third quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock worth $690,000 after purchasing an additional 1,336 shares during the period. Aperio Group LLC boosted its position in UGI by 8.2% during the third quarter. Aperio Group LLC now owns 62,652 shares of the utilities provider’s stock worth $2,936,000 after purchasing an additional 4,730 shares during the period. Finally, FDx Advisors Inc. bought a new position in UGI during the third quarter worth $547,000. 77.04% of the stock is owned by hedge funds and other institutional investors.
Shares of UGI Corp (NYSE UGI) opened at $46.54 on Wednesday. UGI Corp has a twelve month low of $45.04 and a twelve month high of $52.00. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $8,090.00, a price-to-earnings ratio of 18.92 and a beta of 0.68.
The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, December 14th. UGI’s dividend payout ratio is currently 40.65%.
A number of equities analysts have commented on UGI shares. Zacks Investment Research cut shares of UGI from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Barclays reaffirmed a “sell” rating and set a $48.00 price objective on shares of UGI in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.67.
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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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