Entropy Technologies LP Grows Stock Holdings in UGI Co. (NYSE:UGI)

Entropy Technologies LP boosted its stake in UGI Co. (NYSE:UGI) by 217.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,429 shares of the utilities provider’s stock after purchasing an additional 22,201 shares during the quarter. Entropy Technologies LP’s holdings in UGI were worth $811,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UGI. State Board of Administration of Florida Retirement System increased its holdings in shares of UGI by 12.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 217,949 shares of the utilities provider’s stock worth $5,348,000 after buying an additional 24,740 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in UGI by 1.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock valued at $89,962,000 after purchasing an additional 45,630 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in UGI during the 1st quarter valued at about $6,545,000. Edgestream Partners L.P. grew its holdings in UGI by 97.5% during the 1st quarter. Edgestream Partners L.P. now owns 247,538 shares of the utilities provider’s stock valued at $6,075,000 after purchasing an additional 122,183 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in UGI by 29.3% during the 1st quarter. Jacobi Capital Management LLC now owns 41,845 shares of the utilities provider’s stock valued at $1,027,000 after purchasing an additional 9,487 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UGI shares. Wells Fargo & Company upped their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

UGI Price Performance

UGI stock opened at $23.25 on Friday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 7.45 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. UGI Co. has a 1 year low of $21.47 and a 1 year high of $26.15. The firm has a 50-day moving average of $24.27 and a two-hundred day moving average of $24.10.

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.