Cerity Partners LLC Makes New $1.34 Million Investment in UGI Co. (NYSE:UGI)

Cerity Partners LLC bought a new position in UGI Co. (NYSE:UGI) during the third quarter, HoldingsChannel.com reports. The fund bought 53,538 shares of the utilities provider’s stock, valued at approximately $1,340,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of UGI by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 118,947 shares of the utilities provider’s stock valued at $2,919,000 after buying an additional 6,407 shares during the period. Comerica Bank increased its stake in shares of UGI by 2.1% during the first quarter. Comerica Bank now owns 131,165 shares of the utilities provider’s stock valued at $3,219,000 after buying an additional 2,714 shares during the period. GAMMA Investing LLC increased its stake in shares of UGI by 24.2% during the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after buying an additional 512 shares during the period. Fulton Bank N.A. increased its stake in shares of UGI by 3.9% during the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock valued at $343,000 after buying an additional 558 shares during the period. Finally, Csenge Advisory Group boosted its position in UGI by 15.6% during the second quarter. Csenge Advisory Group now owns 20,736 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 2,793 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of NYSE UGI opened at $29.15 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. The company has a market cap of $6.26 billion, a PE ratio of 23.51 and a beta of 1.21. The business has a 50-day simple moving average of $25.16 and a two-hundred day simple moving average of $24.33. UGI Co. has a fifty-two week low of $21.51 and a fifty-two week high of $30.48.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio is presently 120.97%.

Analyst Ratings Changes

A number of brokerages recently weighed in on UGI. Wells Fargo & Company raised 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 report on Tuesday, August 6th. Mizuho raised 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 report on Friday, November 15th. Finally, 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 objective on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, UGI presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

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.