UGI Corporation (NYSE:UGI) Receives $44.50 Average Target Price from Analysts

UGI Corporation (NYSE:UGI) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $44.50.

Separately, Weiss Ratings upgraded UGI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th.

UGI Stock Down 0.7%

Shares of NYSE:UGI opened at $36.56 on Friday. UGI has a fifty-two week low of $31.62 and a fifty-two week high of $41.34. The company has a quick ratio of 0.64, a current ratio of 0.78 and a debt-to-equity ratio of 1.19. The firm’s 50-day simple moving average is $37.13 and its 200-day simple moving average is $36.70. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 13.49 and a beta of 1.05.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.24). The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.49 billion. UGI had a return on equity of 14.46% and a net margin of 8.17%.The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 earnings per share. As a group, equities research analysts predict that UGI will post 3.05 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 16th. UGI’s dividend payout ratio is currently 55.35%.

Insider Buying and Selling

In other UGI news, CAO Jean Felix Tematio sold 12,840 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $38.07, for a total transaction of $488,818.80. Following the sale, the chief accounting officer directly owned 6,952 shares in the company, valued at approximately $264,662.64. The trade was a 64.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

Institutional Trading of UGI

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors grew its position in UGI by 34,940.4% during the second quarter. Captrust Financial Advisors now owns 2,576,169 shares of the utilities provider’s stock worth $93,824,000 after buying an additional 2,568,817 shares during the period. Goldman Sachs Group Inc. grew its holdings 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 acquiring an additional 116,372 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of UGI by 17.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider’s stock worth $25,971,000 after acquiring an additional 115,409 shares during the period. Entropy Technologies LP purchased a new position in UGI in the 4th quarter valued at approximately $2,708,000. Finally, Tudor Investment Corp ET AL increased its stake in UGI by 234.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 95,545 shares of the utilities provider’s stock valued at $3,178,000 after purchasing an additional 66,946 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Company Profile

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.