Cyndeo Wealth Partners LLC Takes Position in UGI Co. (NYSE:UGI)

Cyndeo Wealth Partners LLC bought a new position in shares of UGI Co. (NYSE:UGI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 255,965 shares of the utilities provider’s stock, valued at approximately $7,226,000. Cyndeo Wealth Partners LLC owned approximately 0.12% of UGI at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after buying an additional 2,786,878 shares in the last quarter. Hennessy Advisors Inc. raised its stake in shares of UGI by 2,050.9% in the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock valued at $67,067,000 after acquiring an additional 2,265,300 shares in the last quarter. Geode Capital Management LLC boosted its holdings in UGI by 33.8% in the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after purchasing an additional 1,202,938 shares during the period. AQR Capital Management LLC grew its stake in UGI by 112.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock worth $46,383,000 after purchasing an additional 1,073,013 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in UGI by 47.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after purchasing an additional 808,113 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on shares of UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective for the company. Finally, Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.33.

UGI Stock Performance

Shares of UGI opened at $30.36 on Friday. The company’s 50 day simple moving average is $28.29 and its 200-day simple moving average is $25.64. The firm has a market cap of $6.52 billion, a PE ratio of 24.48 and a beta of 1.21. UGI Co. has a 12-month low of $22.01 and a 12-month high of $30.66. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were paid a $0.375 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.94%. UGI’s dividend payout ratio is presently 120.97%.

UGI Company 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.