Reinhart Partners Inc. grew its position in UGI Corp (NYSE:UGI) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 514,218 shares of the utilities provider’s stock after purchasing an additional 96,827 shares during the period. UGI comprises approximately 2.4% of Reinhart Partners Inc.’s holdings, making the stock its 14th biggest holding. Reinhart Partners Inc.’s holdings in UGI were worth $25,850,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of UGI by 214.8% in the third quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock valued at $29,000 after buying an additional 391 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in UGI during the 3rd quarter worth about $31,000. Atwater Malick LLC bought a new stake in UGI during the 3rd quarter worth about $31,000. Bogart Wealth LLC bought a new stake in UGI during the 3rd quarter worth about $40,000. Finally, Capital Investment Advisory Services LLC bought a new stake in UGI during the 3rd quarter worth about $41,000. Institutional investors own 85.08% of the company’s stock.
Several analysts have weighed in on the company. Barclays reissued a “sell” rating and set a $50.00 price objective on shares of UGI in a report on Wednesday, October 16th. TheStreet cut UGI from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Finally, UBS Group dropped their price objective on UGI from $60.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. UGI presently has an average rating of “Hold” and a consensus price target of $56.50.
NYSE:UGI traded down $0.31 on Friday, hitting $46.54. 907,495 shares of the stock were exchanged, compared to its average volume of 1,363,696. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 16.99 and a beta of 0.54. UGI Corp has a 52 week low of $45.94 and a 52 week high of $59.31. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.08. The company’s 50-day moving average price is $48.64 and its 200 day moving average price is $50.81.
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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