Amalgamated Bank Sells 29,579 Shares of UGI Co. (NYSE:UGI)

Amalgamated Bank decreased its stake in UGI Co. (NYSE:UGI) by 22.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 101,917 shares of the utilities provider’s stock after selling 29,579 shares during the period. Amalgamated Bank’s holdings in UGI were worth $2,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. increased its holdings in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 598 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of UGI in the second quarter worth $32,000. Concord Wealth Partners raised its position in shares of UGI by 100.0% during 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. purchased a new position in shares of UGI during the 2nd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in UGI in the 2nd quarter worth $40,000. Institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on UGI. Wells Fargo & Company boosted their price objective on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

UGI Trading Down 0.2 %

Shares of UGI stock opened at $23.81 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 7.63 and a beta of 1.13. UGI Co. has a twelve month low of $20.32 and a twelve month high of $26.15. The business has a 50-day moving average price of $24.35 and a 200-day moving average price of $24.14.

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.