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.
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.
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