KBC Group NV Grows Stock Position in UGI Co. (NYSE:UGI)

KBC Group NV lifted its stake in UGI Co. (NYSE:UGI) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,291 shares of the utilities provider’s stock after buying an additional 7,274 shares during the period. KBC Group NV’s holdings in UGI were worth $2,609,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Whittier Trust Co. increased its holdings in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after buying an additional 598 shares during the period. Hantz Financial Services Inc. purchased a new position in UGI during the 2nd quarter valued at about $32,000. Concord Wealth Partners increased its holdings in UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares during the period. Duncker Streett & Co. Inc. purchased a new position in UGI during the 2nd quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in UGI during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

UGI stock opened at $24.45 on Tuesday. The stock’s 50 day simple moving average is $24.25 and its two-hundred day simple moving average is $24.06. 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 stock has a market cap of $5.25 billion, a price-to-earnings ratio of 7.83 and a beta of 1.13. UGI Co. has a fifty-two week low of $21.51 and a fifty-two week high of $26.15.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $30.00 in a report on Friday.

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.