UGI Corp (NYSE:UGI) saw a significant decrease in short interest during the month of December. As of December 29th, there was short interest totalling 1,030,383 shares, a decrease of 53.6% from the December 15th total of 2,218,726 shares. Based on an average daily volume of 826,425 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are short sold.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Barclays decreased their price objective on shares of UGI from $48.00 to $47.00 and set an “underweight” rating on the stock in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $48.67.
UGI (UGI) opened at $47.06 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.00 and a quick ratio of 0.84. The firm has a market cap of $8,150.00, a P/E ratio of 19.13 and a beta of 0.68. UGI has a 52-week low of $45.04 and a 52-week high of $52.00.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Friday, December 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, December 14th. UGI’s payout ratio is currently 40.65%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Kistler Tiffany Companies LLC grew its position in UGI by 41.6% during the fourth quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock valued at $198,000 after acquiring an additional 1,242 shares during the last quarter. Acropolis Investment Management LLC bought a new position in UGI during the fourth quarter valued at approximately $248,000. Moneta Group Investment Advisors LLC bought a new position in UGI during the third quarter valued at approximately $323,000. FDx Advisors Inc. bought a new position in UGI during the third quarter valued at approximately $547,000. Finally, Xact Kapitalforvaltning AB grew its position in UGI by 10.0% during the third quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock valued at $690,000 after acquiring an additional 1,336 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.
UGI Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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