Retirement Systems of Alabama Grows Stock Position in UGI Co. (NYSE:UGI)

Retirement Systems of Alabama increased its position in shares of UGI Co. (NYSE:UGI) by 0.2% in the 4th quarter, Holdings Channel reports. The firm owned 496,762 shares of the utilities provider’s stock after purchasing an additional 805 shares during the period. Retirement Systems of Alabama’s holdings in UGI were worth $12,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UGI. Mitsubishi UFJ Trust & Banking Corp boosted its position in UGI by 503.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock worth $66,810,000 after acquiring an additional 2,423,713 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of UGI by 67.0% in the third quarter. Federated Hermes Inc. now owns 2,372,182 shares of the utilities provider’s stock valued at $54,560,000 after purchasing an additional 951,405 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in UGI by 309.1% during the third quarter. Qube Research & Technologies Ltd now owns 1,175,347 shares of the utilities provider’s stock worth $27,033,000 after buying an additional 888,072 shares in the last quarter. Vanguard Group Inc. boosted its stake in UGI by 3.1% during the third quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after buying an additional 781,929 shares during the last quarter. Finally, Covalis Capital LLP acquired a new position in UGI during the third quarter worth $16,279,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

UGI has been the topic of several analyst reports. TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Wells Fargo & Company downgraded shares of UGI from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $27.00 to $28.00 in a report on Thursday, March 14th. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Mizuho raised their target price on UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th.

UGI Stock Performance

Shares of UGI stock opened at $25.90 on Thursday. UGI Co. has a 1-year low of $20.19 and a 1-year high of $33.74. The company has a 50-day moving average of $24.63 and a two-hundred day moving average of $23.45. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. Equities analysts anticipate that UGI Co. will post 2.9 earnings per share for the current fiscal year.

UGI Company Profile

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.