Nilsine Partners LLC Acquires 2,646 Shares of UGI Co. (NYSE:UGI)

Nilsine Partners LLC grew its holdings in UGI Co. (NYSE:UGI) by 16.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,318 shares of the utilities provider’s stock after acquiring an additional 2,646 shares during the period. Nilsine Partners LLC’s holdings in UGI were worth $517,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Concord Wealth Partners lifted its position 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 in the last quarter. UMB Bank n.a. lifted its position in shares of UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 540 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UGI during the second quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its holdings in shares of UGI by 189.9% in the third 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 in the last quarter. Finally, Millburn Ridgefield Corp bought a new position in UGI in the 3rd quarter worth approximately $55,000. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

UGI has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Mizuho raised UGI from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Stock Performance

UGI stock opened at $30.42 on Wednesday. UGI Co. has a twelve month low of $22.01 and a twelve month high of $30.93. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The company has a market cap of $6.53 billion, a P/E ratio of 24.53 and a beta of 1.21. The business’s fifty day moving average is $28.54 and its 200-day moving average is $25.79.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.93%. UGI’s payout ratio is currently 120.97%.

UGI 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.