Burney Co. Acquires 19,176 Shares of UGI Co. (NYSE:UGI)

Burney Co. increased its position in shares of UGI Co. (NYSE:UGI) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 662,011 shares of the utilities provider’s stock after acquiring an additional 19,176 shares during the quarter. Burney Co. owned about 0.31% of UGI worth $18,689,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UGI. Concord Wealth Partners raised its stake in UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after buying an additional 637 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in UGI in the 2nd quarter worth $40,000. Farther Finance Advisors LLC raised its stake in shares of UGI by 189.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 1,358 shares during the period. Millburn Ridgefield Corp bought a new stake in shares of UGI in the third quarter valued at about $55,000. Finally, Blue Trust Inc. lifted its holdings in shares of UGI by 64.2% in the third quarter. Blue Trust Inc. now owns 3,311 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UGI shares. Wells Fargo & Company boosted their target price on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group began coverage on shares of UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 target price for the company. Finally, Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, UGI presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Stock Performance

NYSE UGI opened at $29.55 on Wednesday. The firm’s fifty day moving average price is $27.39 and its two-hundred day moving average price is $25.31. UGI Co. has a 1 year low of $21.67 and a 1 year high of $30.48. The firm has a market capitalization of $6.34 billion, a P/E ratio of 23.83 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Monday, December 16th. UGI’s payout ratio is currently 120.97%.

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.