US Bancorp DE Has $261,000 Holdings in UGI Co. (NYSE:UGI)

US Bancorp DE cut its holdings in UGI Co. (NYSE:UGI) by 13.7% during the third quarter, Holdings Channel.com reports. The fund owned 10,438 shares of the utilities provider’s stock after selling 1,654 shares during the period. US Bancorp DE’s holdings in UGI were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UGI. Jupiter Asset Management Ltd. bought a new stake in shares of UGI in the 2nd quarter valued at about $53,371,000. ProShare Advisors LLC lifted its holdings in UGI by 84.9% during the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after acquiring an additional 1,122,766 shares in the last quarter. AQR Capital Management LLC grew its stake in UGI by 112.7% in the second quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock valued at $46,383,000 after acquiring an additional 1,073,013 shares during the period. Federated Hermes Inc. increased its holdings in shares of UGI by 28.7% in the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock worth $81,014,000 after acquiring an additional 788,457 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of UGI by 135.7% during the second quarter. Millennium Management LLC now owns 1,096,382 shares of the utilities provider’s stock worth $25,107,000 after purchasing an additional 631,124 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Trading Down 0.9 %

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

Analyst Ratings Changes

UGI has been the topic of several research reports. 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. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

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.