UGI (UGI) Given a $53.00 Price Target at Barclays

Barclays set a $53.00 target price on UGI (NYSE:UGI) in a report released on Friday morning. The brokerage currently has a sell rating on the utilities provider’s stock.

UGI has been the topic of several other research reports. ValuEngine upgraded UGI from a sell rating to a hold rating in a research note on Wednesday, June 20th. Jefferies Financial Group reiterated a hold rating and issued a $54.00 price target on shares of UGI in a research note on Friday, August 17th. Bank of America lifted their price target on UGI from $51.00 to $52.00 and gave the company a neutral rating in a research note on Monday, July 30th. Finally, Zacks Investment Research lowered UGI from a buy rating to a hold rating in a research note on Saturday, July 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. UGI currently has a consensus rating of Hold and an average target price of $52.20.

Shares of UGI traded down $0.34 during midday trading on Friday, hitting $53.39. The company’s stock had a trading volume of 569,838 shares, compared to its average volume of 821,955. UGI has a one year low of $42.51 and a one year high of $56.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 1.15. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.50 and a beta of 0.50.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). UGI had a net margin of 11.09% and a return on equity of 11.89%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. As a group, research analysts forecast that UGI will post 2.77 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 1.95%. UGI’s dividend payout ratio is currently 45.41%.

In related news, insider Joseph L. Hartz sold 18,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $55.51, for a total transaction of $999,180.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.36% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Glen Harbor Capital Management LLC lifted its holdings in UGI by 3.9% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 27,880 shares of the utilities provider’s stock worth $1,452,000 after buying an additional 1,054 shares during the period. Daiwa Securities Group Inc. lifted its holdings in UGI by 21.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,290 shares of the utilities provider’s stock worth $328,000 after buying an additional 1,090 shares during the period. Koch Industries Inc. lifted its holdings in UGI by 20.1% during the 1st quarter. Koch Industries Inc. now owns 6,983 shares of the utilities provider’s stock worth $310,000 after buying an additional 1,169 shares during the period. Asset Management One Co. Ltd. lifted its holdings in UGI by 0.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 307,272 shares of the utilities provider’s stock worth $13,649,000 after buying an additional 1,322 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of UGI by 0.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 160,984 shares of the utilities provider’s stock valued at $8,388,000 after purchasing an additional 1,335 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Analyst Recommendations for UGI (NYSE:UGI)

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