UGI Corp (NYSE:UGI) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $58.00.
Several equities research analysts recently issued reports on the company. Jefferies Financial Group upgraded UGI from a “hold” rating to a “buy” rating and boosted their price target for the company from $54.00 to $60.00 in a research note on Friday, April 5th. They noted that the move was a valuation call. UBS Group raised shares of UGI from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, February 25th. Bank of America raised shares of UGI from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. ValuEngine cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Barclays reaffirmed a “sell” rating and set a $51.00 target price on shares of UGI in a research note on Thursday, April 4th.
In other UGI news, Director Anne Pol sold 2,421 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $52.94, for a total value of $128,167.74. Following the transaction, the director now owns 7,952 shares of the company’s stock, valued at $420,978.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director M Shawn Bort sold 25,500 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $52.97, for a total transaction of $1,350,735.00. Following the completion of the transaction, the director now directly owns 27,095 shares in the company, valued at approximately $1,435,222.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,671 shares of company stock valued at $4,545,613. Company insiders own 2.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of UGI during the 1st quarter worth about $28,000. FinTrust Capital Advisors LLC acquired a new position in shares of UGI during the 1st quarter valued at about $28,000. Meridian Wealth Management LLC bought a new stake in UGI during the 1st quarter valued at approximately $33,000. Stone House Investment Management LLC bought a new stake in UGI during the 1st quarter valued at approximately $39,000. Finally, FNY Investment Advisers LLC boosted its stake in UGI by 57.8% during the 1st quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 286 shares during the period. 79.60% of the stock is currently owned by institutional investors and hedge funds.
UGI stock traded up $0.82 during midday trading on Thursday, reaching $54.22. 30,538 shares of the company’s stock were exchanged, compared to its average volume of 911,233. UGI has a 52 week low of $50.31 and a 52 week high of $59.31. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.72 and a beta of 0.62. The firm has a 50-day moving average price of $53.25.
UGI (NYSE:UGI) last announced its earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.13). UGI had a return on equity of 10.31% and a net margin of 5.14%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, sell-side analysts expect that UGI will post 2.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.21%. This is a boost from UGI’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, June 13th. UGI’s payout ratio is presently 43.80%.
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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