First Citizens Bank & Trust Co. Buys 800 Shares of UGI Co. (NYSE:UGI)

First Citizens Bank & Trust Co. raised its stake in UGI Co. (NYSE:UGI) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,653 shares of the utilities provider’s stock after purchasing an additional 800 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in UGI were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of UGI. Citigroup Inc. lifted its stake in UGI by 33.0% during the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after acquiring an additional 50,485 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of UGI by 2,402.0% during the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 25,005 shares in the last quarter. FMR LLC boosted its holdings in UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. grew its position in UGI by 35.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after purchasing an additional 318,655 shares in the last quarter. Finally, Commerce Bank purchased a new stake in UGI in the 3rd quarter valued at about $645,000. Institutional investors own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UGI. Wells Fargo & Company boosted 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. Jefferies Financial Group initiated coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Price Performance

UGI stock opened at $30.42 on Wednesday. UGI Co. has a 12 month low of $22.01 and a 12 month high of $30.93. 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 business’s 50 day simple moving average is $28.54 and its 200 day simple moving average is $25.79. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 24.53 and a beta of 1.21.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders 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 4.93%. 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.