Wilmington Savings Fund Society FSB Invests $278,000 in UGI Co. (NYSE:UGI)

Wilmington Savings Fund Society FSB acquired a new position in shares of UGI Co. (NYSE:UGI) in the 3rd quarter, HoldingsChannel reports. The fund acquired 11,120 shares of the utilities provider’s stock, valued at approximately $278,000.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. grew its position in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 598 shares during the period. Hantz Financial Services Inc. acquired a new stake in UGI in the 2nd quarter valued at $32,000. Concord Wealth Partners grew its position in UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares during the period. Duncker Streett & Co. Inc. acquired a new stake in UGI in the 2nd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in UGI in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, UGI currently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Price Performance

Shares of NYSE:UGI opened at $27.73 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. The stock’s fifty day simple moving average is $25.95 and its two-hundred day simple moving average is $24.60. UGI Co. has a 1-year low of $21.67 and a 1-year high of $30.48. The stock has a market cap of $5.95 billion, a PE ratio of 22.36 and a beta of 1.21.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio (DPR) is presently 120.97%.

UGI Company 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.