Cornercap Investment Counsel Inc. Cuts Holdings in UGI Co. (NYSE:UGI)

Cornercap Investment Counsel Inc. decreased its stake in shares of UGI Co. (NYSE:UGI) by 55.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,753 shares of the utilities provider’s stock after selling 25,699 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in UGI were worth $519,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of UGI. Federated Hermes Inc. increased its holdings in shares of UGI by 28.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after acquiring an additional 788,457 shares during the last quarter. LSV Asset Management increased its holdings in shares of UGI by 13.3% in the 2nd quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock valued at $69,267,000 after acquiring an additional 356,200 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of UGI by 84.9% in the 2nd quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock valued at $55,991,000 after acquiring an additional 1,122,766 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of UGI in the 2nd quarter valued at about $53,371,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of UGI by 32.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,327,248 shares of the utilities provider’s stock valued at $53,293,000 after acquiring an additional 566,416 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analysts Set New Price Targets

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

UGI Stock Up 3.8 %

UGI stock opened at $24.12 on Friday. UGI Co. has a twelve month low of $21.47 and a twelve month high of $26.15. The stock has a 50 day moving average of $24.25 and a two-hundred day moving average of $24.08. 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 has a market capitalization of $5.18 billion, a price-to-earnings ratio of 7.73 and a beta of 1.13.

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.