UGI Corporation (NYSE:UGI) Receives $31.33 Average PT from Brokerages

UGI Corporation (NYSE:UGI) has been given a consensus recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $31.3333.

A number of equities analysts recently weighed in on the company. Wall Street Zen raised UGI from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of UGI in a report on Saturday, September 27th. Finally, Zacks Research upgraded shares of UGI to a “hold” rating in a report on Monday, August 11th.

UGI Trading Down 0.3%

UGI stock opened at $32.29 on Friday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06. UGI has a 1 year low of $23.14 and a 1 year high of $37.42. The firm’s 50 day moving average price is $34.35 and its two-hundred day moving average price is $34.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.11. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.The company’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. On average, research analysts predict that UGI will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.6%. UGI’s payout ratio is currently 78.95%.

Institutional Trading of UGI

Institutional investors have recently made changes to their positions in the stock. Amalgamated Bank lifted its position in UGI by 0.3% in the 2nd quarter. Amalgamated Bank now owns 98,812 shares of the utilities provider’s stock worth $3,599,000 after buying an additional 277 shares in the last quarter. Wealthspire Advisors LLC grew its stake in UGI by 1.9% in the first quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider’s stock valued at $581,000 after purchasing an additional 323 shares in the last quarter. Belpointe Asset Management LLC increased its position in UGI by 3.8% in the 1st quarter. Belpointe Asset Management LLC now owns 9,758 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 359 shares during the last quarter. Private Trust Co. NA raised its stake in shares of UGI by 36.1% during the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 370 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its holdings in shares of UGI by 25.3% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider’s stock valued at $62,000 after buying an additional 380 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

About UGI

UGI Corporation, together with its subsidiaries, 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 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.