Schroder Investment Management Group trimmed its position in shares of UGI Corp (NYSE:UGI) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,700 shares of the utilities provider’s stock after selling 15,884 shares during the period. Schroder Investment Management Group owned approximately 0.16% of UGI worth $13,044,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UGI. Captrust Financial Advisors bought a new position in shares of UGI in the 2nd quarter worth about $527,000. FDx Advisors Inc. bought a new stake in UGI in the 3rd quarter valued at about $547,000. World Asset Management Inc lifted its position in UGI by 1.1% in the 2nd quarter. World Asset Management Inc now owns 11,858 shares of the utilities provider’s stock valued at $574,000 after purchasing an additional 124 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in UGI by 10.0% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock valued at $690,000 after buying an additional 1,336 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in UGI by 13.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 21,764 shares of the utilities provider’s stock valued at $1,054,000 after buying an additional 2,540 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on UGI shares. Zacks Investment Research raised shares of UGI from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Thursday, August 10th. BidaskClub raised shares of UGI from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Barclays reaffirmed a “sell” rating and issued a $48.00 price objective on shares of UGI in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.75.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 14th. UGI’s dividend payout ratio (DPR) is currently 40.65%.
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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