IFM Investors Pty Ltd Buys 11,851 Shares of UGI Corp (NYSE:UGI)

IFM Investors Pty Ltd raised its stake in UGI Corp (NYSE:UGI) by 113.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,289 shares of the utilities provider’s stock after purchasing an additional 11,851 shares during the period. IFM Investors Pty Ltd’s holdings in UGI were worth $1,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of UGI by 214.8% during the third quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 391 shares in the last quarter. Atwater Malick LLC bought a new stake in shares of UGI during the third quarter worth about $31,000. Liberty Wealth Management LLC bought a new stake in shares of UGI during the third quarter worth about $31,000. Bogart Wealth LLC bought a new stake in shares of UGI during the third quarter worth about $40,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of UGI during the third quarter worth about $41,000. 85.08% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. TheStreet downgraded shares of UGI from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. Barclays restated a “sell” rating and set a $50.00 price target on shares of UGI in a report on Wednesday, October 16th. Finally, UBS Group cut their price target on shares of UGI from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. UGI presently has a consensus rating of “Hold” and an average price target of $56.50.

UGI stock traded down $0.31 during midday trading on Friday, hitting $46.54. 907,495 shares of the stock were exchanged, compared to its average volume of 1,363,696. UGI Corp has a 52-week low of $45.94 and a 52-week high of $59.31. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 16.99 and a beta of 0.54. The business’s 50-day moving average price is $48.64 and its 200-day moving average price is $50.81. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 1.03.

UGI Company Profile

UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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