Principal Financial Group Inc. Sells 200,873 Shares of UGI Co. (NYSE:UGI)

Principal Financial Group Inc. lessened its holdings in UGI Co. (NYSE:UGI) by 28.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 497,194 shares of the utilities provider’s stock after selling 200,873 shares during the period. Principal Financial Group Inc. owned about 0.23% of UGI worth $12,440,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UGI. Whittier Trust Co. increased its holdings in UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 598 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of UGI during the second quarter valued at approximately $32,000. Concord Wealth Partners grew its holdings in UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after buying an additional 637 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in UGI in the 2nd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in UGI during the 2nd quarter valued at $40,000. Institutional investors own 82.34% of the company’s stock.

UGI Stock Up 3.8 %

UGI stock opened at $24.12 on Friday. The stock has a market cap of $5.18 billion, a P/E ratio of 7.73 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The stock’s fifty day simple moving average is $24.25 and its two-hundred day simple moving average is $24.08. UGI Co. has a 1-year low of $21.47 and a 1-year high of $26.15.

Analyst Upgrades and Downgrades

UGI has been the subject of several recent analyst reports. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $27.00 to $30.00 in a research note on Friday. Wells Fargo & Company boosted their price target on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

About UGI

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.