Bailard Inc. Sells 1,900 Shares of UGI Co. (NYSE:UGI)

Bailard Inc. trimmed its stake in shares of UGI Co. (NYSE:UGIGet Rating) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,359 shares of the utilities provider’s stock after selling 1,900 shares during the quarter. Bailard Inc.’s holdings in UGI were worth $338,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in shares of UGI by 188.1% during the third quarter. Allianz Asset Management GmbH now owns 242,373 shares of the utilities provider’s stock worth $10,330,000 after buying an additional 158,255 shares in the last quarter. Parallel Advisors LLC increased its holdings in UGI by 45.6% in the 4th quarter. Parallel Advisors LLC now owns 2,345 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 734 shares in the last quarter. New York State Teachers Retirement System raised its position in UGI by 6.4% in the fourth quarter. New York State Teachers Retirement System now owns 294,557 shares of the utilities provider’s stock valued at $13,523,000 after purchasing an additional 17,795 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of UGI by 155.3% during the fourth quarter. DAVENPORT & Co LLC now owns 24,021 shares of the utilities provider’s stock valued at $1,103,000 after purchasing an additional 14,612 shares in the last quarter. Finally, Paradigm Financial Partners LLC bought a new stake in UGI during the 4th quarter worth approximately $226,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Shares of UGI opened at $40.61 on Wednesday. UGI Co. has a one year low of $33.04 and a one year high of $48.55. The company has a market cap of $8.53 billion, a PE ratio of 5.80, a P/E/G ratio of 1.66 and a beta of 0.98. The stock has a 50-day moving average of $36.24 and a 200-day moving average of $40.69. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 1.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.44 annualized dividend and a yield of 3.55%. This is a positive change from UGI’s previous quarterly dividend of $0.35. UGI’s dividend payout ratio is presently 19.71%.

UGI has been the topic of a number of recent research reports. StockNews.com upgraded shares of UGI from a “sell” rating to a “hold” rating in a report on Saturday. Barclays reduced their price target on UGI from $45.00 to $40.00 in a research report on Tuesday, March 22nd. Zacks Investment Research upgraded UGI from a “sell” rating to a “hold” rating and set a $39.00 price objective for the company in a research report on Wednesday, May 11th. Bank of America cut UGI from a “buy” rating to a “neutral” rating and reduced their target price for the company from $46.00 to $38.00 in a report on Monday, March 7th. Finally, TheStreet downgraded shares of UGI from a “b” rating to a “c+” rating in a research report on Monday, February 7th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.75.

UGI Profile (Get Rating)

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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.

Further Reading

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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