Thrivent Financial for Lutherans Buys 774,770 Shares of UGI Co. (NYSE:UGI)

Thrivent Financial for Lutherans increased its stake in UGI Co. (NYSE:UGI) by 105.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,507,263 shares of the utilities provider’s stock after purchasing an additional 774,770 shares during the period. Thrivent Financial for Lutherans’ holdings in UGI were worth $37,712,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. increased its position in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 598 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in UGI in the second quarter worth approximately $32,000. Concord Wealth Partners boosted its stake in UGI by 100.0% in the third 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. Duncker Streett & Co. Inc. purchased a new stake in UGI in the second quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in UGI in the second quarter worth approximately $40,000. 82.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UGI has been the subject of several research reports. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $27.00 to $30.00 in a research note on Friday. Wells Fargo & Company upped their target price on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

UGI Stock Performance

NYSE:UGI opened at $24.45 on Tuesday. The firm has a market cap of $5.25 billion, a PE ratio of 7.83 and a beta of 1.13. UGI Co. has a fifty-two week low of $21.51 and a fifty-two week high of $26.15. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The business has a 50 day moving average price of $24.25 and a 200-day moving average price of $24.06.

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.