Abundance Wealth Counselors Increases Stake in UGI Co. (NYSE:UGI)

Abundance Wealth Counselors grew its stake in shares of UGI Co. (NYSE:UGI) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,514 shares of the utilities provider’s stock after purchasing an additional 505 shares during the quarter. Abundance Wealth Counselors’ holdings in UGI were worth $833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its position in UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after buying an additional 2,786,878 shares during the period. Geode Capital Management LLC grew its stake in shares of UGI by 33.8% in the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock worth $127,246,000 after purchasing an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in UGI by 47.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after purchasing an additional 808,113 shares during the period. Hennessy Advisors Inc. increased its holdings in UGI by 2,050.9% during the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock valued at $67,067,000 after purchasing an additional 2,265,300 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in UGI by 105.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock worth $37,712,000 after buying an additional 774,770 shares during the period. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. 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 assumed coverage on shares of UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

UGI Price Performance

Shares of UGI stock opened at $30.74 on Friday. 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 stock has a market cap of $6.60 billion, a price-to-earnings ratio of 24.79 and a beta of 1.21. The business’s fifty day moving average is $28.94 and its 200 day moving average is $25.96. UGI Co. has a twelve month low of $22.01 and a twelve month high of $31.05.

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 paid a $0.375 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.88%. UGI’s payout ratio is 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.