UGI Co. (NYSE:UGI) Shares Acquired by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC increased its position in UGI Co. (NYSE:UGI) by 24.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,377 shares of the utilities provider’s stock after purchasing an additional 2,798 shares during the period. Alpha Omega Wealth Management LLC’s holdings in UGI were worth $406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concord Wealth Partners grew its position in shares of UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 637 shares in the last quarter. UMB Bank n.a. boosted its holdings in UGI by 67.1% in the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 540 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in UGI during the second quarter valued at $40,000. Farther Finance Advisors LLC raised its holdings in shares of UGI by 189.9% during the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 1,358 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in shares of UGI in the 3rd quarter worth about $55,000. 82.34% of the stock is owned by institutional investors.

UGI Price Performance

NYSE UGI opened at $30.74 on Friday. The company has a 50-day moving average price of $28.90 and a two-hundred day moving average price of $25.91. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 24.79 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. UGI Co. has a 52 week low of $22.01 and a 52 week high of $31.05.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.88%. The ex-dividend date was Monday, December 16th. UGI’s dividend payout ratio is currently 120.97%.

Analyst Upgrades and Downgrades

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

About UGI

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.