Farther Finance Advisors LLC Raises Stake in UGI Co. (NYSE:UGI)

Farther Finance Advisors LLC increased its stake in UGI Co. (NYSE:UGI) by 189.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,073 shares of the utilities provider’s stock after buying an additional 1,358 shares during the period. Farther Finance Advisors LLC’s holdings in UGI were worth $52,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UGI. Whittier Trust Co. lifted its holdings in UGI by 99.7% during the second 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 last quarter. Hantz Financial Services Inc. purchased a new stake in UGI during the second quarter valued at about $32,000. Concord Wealth Partners lifted its holdings in UGI by 100.0% during the third 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 last quarter. Duncker Streett & Co. Inc. purchased a new stake in UGI during the second quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in UGI during the second quarter valued at about $40,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UGI has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

UGI Trading Down 0.9 %

Shares of UGI opened at $23.50 on Thursday. The business’s 50-day moving average price is $24.30 and its 200-day moving average price is $24.11. UGI Co. has a twelve month low of $21.25 and a twelve month high of $26.15. The stock has a market cap of $5.05 billion, a PE ratio of 7.53 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

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.