Analysts Set UGI Corporation (NYSE:UGI) PT at $43.33

UGI Corporation (NYSE:UGI) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $43.3333.

UGI has been the subject of a number of recent research reports. Wells Fargo & Company began coverage on UGI in a report on Monday, May 11th. They set an “overweight” rating and a $46.00 price objective for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 target price (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of UGI in a report on Friday, April 24th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in UGI by 9.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider’s stock valued at $2,603,000 after buying an additional 6,649 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of UGI by 14.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider’s stock worth $30,781,000 after buying an additional 116,372 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of UGI by 17.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider’s stock valued at $25,971,000 after acquiring an additional 115,409 shares in the last quarter. Focus Partners Wealth increased its position in shares of UGI by 92.6% during the first quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider’s stock valued at $747,000 after acquiring an additional 10,861 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of UGI by 15.6% during the second quarter. Baird Financial Group Inc. now owns 28,359 shares of the utilities provider’s stock valued at $1,033,000 after acquiring an additional 3,825 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

UGI Stock Up 1.7%

UGI stock opened at $34.57 on Thursday. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 12.13 and a beta of 0.96. The firm’s fifty day moving average price is $36.18 and its two-hundred day moving average price is $36.98. UGI has a 1-year low of $31.62 and a 1-year high of $41.34. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10.

UGI (NYSE:UGI) last posted its earnings results on Thursday, May 7th. The utilities provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.02). UGI had a return on equity of 13.81% and a net margin of 8.71%.The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. The company’s revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that UGI will post 2.83 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.375 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.3%. UGI’s dividend payout ratio is presently 52.63%.

About UGI

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.