Alps Advisors Inc. Invests $636,000 in UGI Corp (UGI)

Alps Advisors Inc. bought a new position in shares of UGI Corp (NYSE:UGI) in the third quarter, Holdings Channel reports. The institutional investor bought 11,463 shares of the utilities provider’s stock, valued at approximately $636,000.

Several other hedge funds also recently added to or reduced their stakes in UGI. American International Group Inc. grew its stake in UGI by 0.7% during the 2nd quarter. American International Group Inc. now owns 354,208 shares of the utilities provider’s stock valued at $18,444,000 after acquiring an additional 2,299 shares in the last quarter. GSA Capital Partners LLP grew its stake in UGI by 17.2% during the 2nd quarter. GSA Capital Partners LLP now owns 36,438 shares of the utilities provider’s stock valued at $1,897,000 after acquiring an additional 5,356 shares in the last quarter. GAM Holding AG grew its stake in UGI by 272.4% during the 2nd quarter. GAM Holding AG now owns 33,431 shares of the utilities provider’s stock valued at $1,741,000 after acquiring an additional 24,454 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in UGI by 73.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 618,108 shares of the utilities provider’s stock valued at $32,185,000 after acquiring an additional 262,400 shares in the last quarter. Finally, Mackay Shields LLC purchased a new stake in UGI during the 2nd quarter valued at about $2,062,000. 79.43% of the stock is owned by institutional investors and hedge funds.

NYSE:UGI opened at $53.84 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.33 and a beta of 0.51. UGI Corp has a 1-year low of $42.51 and a 1-year high of $56.22.

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of UGI from $47.00 to $50.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $54.00 price objective on shares of UGI in a research note on Friday, August 17th. Bank of America upped their price objective on shares of UGI from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 29th. Zacks Investment Research cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, ValuEngine raised shares of UGI from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.60.

In other UGI news, insider Joseph L. Hartz sold 18,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $55.51, for a total value of $999,180.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.36% of the company’s stock.

UGI Company Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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