UGI Corp (UGI) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC increased its stake in UGI Corp (NYSE:UGI) by 729.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,776 shares of the utilities provider’s stock after purchasing an additional 57,848 shares during the quarter. Acadian Asset Management LLC’s holdings in UGI were worth $3,649,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Stillwater Capital Advisors LLC lifted its holdings in UGI by 25.8% in the third quarter. Stillwater Capital Advisors LLC now owns 4,876 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 1,000 shares during the period. Glen Harbor Capital Management LLC lifted its holdings in UGI by 3.9% in the second quarter. Glen Harbor Capital Management LLC now owns 27,880 shares of the utilities provider’s stock worth $1,452,000 after purchasing an additional 1,054 shares during the period. Daiwa Securities Group Inc. lifted its holdings in UGI by 21.0% in the second quarter. Daiwa Securities Group Inc. now owns 6,290 shares of the utilities provider’s stock worth $328,000 after purchasing an additional 1,090 shares during the period. Great West Life Assurance Co. Can lifted its holdings in UGI by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 160,984 shares of the utilities provider’s stock worth $8,388,000 after purchasing an additional 1,335 shares during the period. Finally, IFM Investors Pty Ltd lifted its holdings in UGI by 26.6% in the third quarter. IFM Investors Pty Ltd now owns 6,396 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 1,343 shares during the period. 79.42% of the stock is owned by institutional investors and hedge funds.

Shares of UGI stock opened at $55.36 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.97. UGI Corp has a 52 week low of $42.51 and a 52 week high of $56.22. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Jefferies Financial Group reiterated a “hold” rating and issued a $54.00 price target on shares of UGI in a research report on Friday, August 17th. Bank of America boosted their price target on shares of UGI from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. Barclays set a $53.00 price target on shares of UGI and gave the stock a “sell” rating in a research report on Friday, October 12th. Finally, ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $52.60.

In other UGI news, insider Joseph L. Hartz sold 18,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $55.51, for a total value of $999,180.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.36% of the stock is currently owned by insiders.

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UGI Company Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

Read More: Insider Trading

Institutional Ownership by Quarter for UGI (NYSE:UGI)

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