Russell Investments Group Ltd. Cuts Stock Position in UGI Corp (NYSE:UGI)
Russell Investments Group Ltd. lessened its holdings in UGI Corp (NYSE:UGI) by 2.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 630,592 shares of the utilities provider’s stock after selling 13,534 shares during the period. Russell Investments Group Ltd.’s holdings in UGI were worth $31,720,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of UGI. Signaturefd LLC boosted its holdings in shares of UGI by 214.8% during the 3rd quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 391 shares during the last quarter. Atwater Malick LLC bought a new position in shares of UGI in the 3rd quarter valued at about $31,000. Liberty Wealth Management LLC bought a new position in shares of UGI in the 3rd quarter valued at about $31,000. Bogart Wealth LLC bought a new position in shares of UGI in the 3rd quarter valued at about $40,000. Finally, Capital Investment Advisory Services LLC bought a new position in shares of UGI in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 85.08% of the company’s stock.
Shares of NYSE:UGI opened at $46.85 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 17.10 and a beta of 0.54. UGI Corp has a 12 month low of $45.94 and a 12 month high of $59.31. The company has a 50-day moving average price of $48.72 and a 200 day moving average price of $50.84.
A number of research analysts recently commented on UGI shares. UBS Group lowered their price target on shares of UGI from $60.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Barclays reaffirmed a “sell” rating and issued a $50.00 price target on shares of UGI in a report on Wednesday, October 16th. Finally, TheStreet downgraded shares of UGI from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $56.50.
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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