Accurate Wealth Management LLC Increases Stock Position in UGI Co. (NYSE:UGI)

Accurate Wealth Management LLC increased its position in shares of UGI Co. (NYSE:UGI) by 21.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,023 shares of the utilities provider’s stock after buying an additional 1,917 shares during the period. Accurate Wealth Management LLC’s holdings in UGI were worth $312,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UGI. Concord Wealth Partners increased its position in shares of UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in UGI during the 2nd quarter worth approximately $40,000. Farther Finance Advisors LLC increased its holdings in UGI by 189.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 1,358 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in shares of UGI during the 3rd quarter valued at approximately $55,000. Finally, Blue Trust Inc. grew its position in shares of UGI by 64.2% during the third quarter. Blue Trust Inc. now owns 3,311 shares of the utilities provider’s stock worth $76,000 after buying an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Up 2.4 %

UGI stock opened at $30.02 on Friday. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 24.21 and a beta of 1.21. UGI Co. has a 1-year low of $21.67 and a 1-year high of $30.48. The firm has a fifty day moving average price of $27.62 and a two-hundred day moving average price of $25.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Monday, December 16th. UGI’s dividend payout ratio is presently 120.97%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price target 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. Mizuho raised shares of 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 report on Friday, November 15th. Finally, Jefferies Financial Group initiated coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target for the company. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, UGI presently has an average rating of “Moderate Buy” and an average price target of $28.33.

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.