Arizona State Retirement System Raises Position in UGI Corp (UGI)

Arizona State Retirement System increased its position in UGI Corp (NYSE:UGI) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,451 shares of the utilities provider’s stock after buying an additional 3,259 shares during the quarter. Arizona State Retirement System owned about 0.07% of UGI worth $6,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American International Group Inc. raised its position in shares of UGI by 0.7% in the 2nd quarter. American International Group Inc. now owns 354,208 shares of the utilities provider’s stock worth $18,444,000 after buying an additional 2,299 shares during the period. GSA Capital Partners LLP raised its position in shares of UGI by 17.2% in the 2nd quarter. GSA Capital Partners LLP now owns 36,438 shares of the utilities provider’s stock worth $1,897,000 after buying an additional 5,356 shares during the period. GAM Holding AG raised its position in shares of UGI by 272.4% in the 2nd quarter. GAM Holding AG now owns 33,431 shares of the utilities provider’s stock worth $1,741,000 after buying an additional 24,454 shares during the period. Mackay Shields LLC purchased a new position in shares of UGI in the 2nd quarter worth $2,062,000. Finally, Canada Pension Plan Investment Board raised its position in shares of UGI by 73.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 618,108 shares of the utilities provider’s stock worth $32,185,000 after buying an additional 262,400 shares during the period. 79.43% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Joseph L. Hartz sold 18,000 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $55.51, for a total value of $999,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.36% of the stock is currently owned by corporate insiders.

Several analysts recently issued reports on the company. Bank of America increased their price target on UGI from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, October 29th. Zacks Investment Research downgraded UGI from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Barclays set a $53.00 price target on UGI and gave the company a “sell” rating in a report on Friday, October 12th. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $54.00 price target on shares of UGI in a report on Friday, August 17th. 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 stock presently has an average rating of “Hold” and an average target price of $52.60.

Shares of NYSE UGI opened at $53.84 on Monday. UGI Corp has a 12-month low of $42.51 and a 12-month high of $56.22. The firm has a market capitalization of $9.36 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.33 and a beta of 0.51. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 0.99.

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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