Unigestion Holding SA acquired a new stake in UGI Corp (NYSE:UGI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 227,529 shares of the utilities provider’s stock, valued at approximately $12,624,000. Unigestion Holding SA owned approximately 0.13% of UGI as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Qube Research & Technologies Ltd purchased a new position in shares of UGI during the 2nd quarter worth $124,000. Quad Cities Investment Group LLC purchased a new position in shares of UGI during the 2nd quarter worth $167,000. MHI Funds LLC raised its holdings in shares of UGI by 9,160.5% during the 2nd quarter. MHI Funds LLC now owns 3,519 shares of the utilities provider’s stock worth $183,000 after acquiring an additional 3,481 shares during the period. Whitnell & Co. purchased a new position in shares of UGI during the 2nd quarter worth $195,000. Finally, Hartford Financial Management Inc. purchased a new position in shares of UGI during the 2nd quarter worth $196,000. Institutional investors own 79.42% of the company’s stock.
Several research analysts have recently commented on UGI shares. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Zacks Investment Research lowered UGI from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Jefferies Financial Group reiterated a “hold” rating and set a $54.00 price target on shares of UGI in a report on Friday, August 17th. Bank of America lifted their price target on UGI from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 29th. Finally, Barclays set a $53.00 price target on UGI and gave the stock a “sell” rating in a report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $52.60.
In related news, insider Joseph L. Hartz sold 18,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $55.51, for a total value of $999,180.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.36% of the stock is owned by insiders.
NYSE UGI opened at $56.03 on Friday. UGI Corp has a 52 week low of $42.51 and a 52 week high of $56.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 1.15. The firm has a market cap of $9.67 billion, a PE ratio of 24.47, a P/E/G ratio of 2.40 and a beta of 0.51.
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UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
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