UGI Co. (NYSE:UGI) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of UGI Co. (NYSE:UGI) by 75.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the utilities provider’s stock after acquiring an additional 4,300 shares during the period. Daiwa Securities Group Inc.’s holdings in UGI were worth $250,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Easterly Investment Partners LLC grew its stake in UGI by 0.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after buying an additional 450 shares during the last quarter. GAMMA Investing LLC grew its position 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 worth $60,000 after acquiring an additional 512 shares during the last quarter. Signaturefd LLC increased its holdings in shares of UGI by 7.2% in the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock worth $197,000 after acquiring an additional 531 shares during the period. Fulton Bank N.A. lifted its position in UGI by 3.9% in the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock valued at $343,000 after purchasing an additional 558 shares during the last quarter. Finally, V2 Financial group LLC boosted its stake in UGI by 4.2% during the 3rd quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider’s stock valued at $349,000 after purchasing an additional 567 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UGI shares. Jefferies Financial Group initiated coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Wells Fargo & Company lifted their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.33.

UGI Stock Up 1.1 %

NYSE UGI opened at $30.37 on Monday. The company has a market capitalization of $6.52 billion, a P/E ratio of 24.49 and a beta of 1.13. UGI Co. has a 12 month low of $21.51 and a 12 month high of $30.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.71. The company’s 50 day simple moving average is $24.99 and its 200 day simple moving average is $24.27.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.94%. UGI’s dividend payout ratio (DPR) is presently 120.97%.

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.