Massachusetts Financial Services Co. MA Buys 35,562 Shares of UGI Co. (NYSE:UGI)

Massachusetts Financial Services Co. MA lifted its stake in shares of UGI Co. (NYSE:UGI) by 3.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,026,717 shares of the utilities provider’s stock after acquiring an additional 35,562 shares during the period. Massachusetts Financial Services Co. MA’s holdings in UGI were worth $25,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in UGI. O Shaughnessy Asset Management LLC bought a new stake in shares of UGI during the 1st quarter valued at approximately $268,000. Price T Rowe Associates Inc. MD boosted its position in UGI by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 118,947 shares of the utilities provider’s stock worth $2,919,000 after buying an additional 6,407 shares during the period. Comerica Bank boosted its position in UGI by 2.1% during the 1st quarter. Comerica Bank now owns 131,165 shares of the utilities provider’s stock worth $3,219,000 after buying an additional 2,714 shares during the period. EMC Capital Management boosted its position in UGI by 53.5% during the 1st quarter. EMC Capital Management now owns 9,488 shares of the utilities provider’s stock worth $233,000 after buying an additional 3,306 shares during the period. Finally, Burney Co. boosted its position in UGI by 488.6% during the 1st quarter. Burney Co. now owns 748,584 shares of the utilities provider’s stock worth $18,370,000 after buying an additional 621,409 shares during the period. 82.34% of the stock is owned by institutional investors.

UGI Stock Up 2.9 %

Shares of NYSE UGI opened at $29.34 on Tuesday. The company has a market capitalization of $6.30 billion, a P/E ratio of 23.66 and a beta of 1.13. UGI Co. has a 52-week low of $21.51 and a 52-week high of $29.51. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The company’s 50 day moving average price is $24.51 and its 200-day moving average price is $24.12.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.11%. UGI’s dividend payout ratio (DPR) is currently 120.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UGI shares. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group started coverage on shares of UGI in a research report on Friday. They set a “buy” rating and a $28.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, UGI presently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

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.