Shares of UGI Corporation (NYSE:UGI – Get Free Report) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $43.3333.
Several research firms have commented on UGI. Jefferies Financial Group reissued 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. Weiss Ratings reissued a “buy (b-)” rating on shares of UGI in a research report on Friday, April 24th. Finally, Wells Fargo & Company began coverage on shares of UGI in a research report on Monday. They set an “overweight” rating and a $46.00 target price on the stock.
Check Out Our Latest Stock Analysis on UGI
UGI Trading Up 0.7%
UGI (NYSE:UGI – Get Free Report) 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). The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.08 billion. UGI had a return on equity of 13.81% and a net margin of 8.71%.The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.21 earnings per share. As a group, sell-side analysts anticipate that UGI will post 2.83 earnings per share for the current fiscal year.
UGI Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. UGI’s dividend payout ratio (DPR) is currently 52.63%.
Institutional Investors Weigh In On UGI
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its position in shares of UGI by 20.4% in the first quarter. Parallel Advisors LLC now owns 6,011 shares of the utilities provider’s stock valued at $219,000 after purchasing an additional 1,019 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of UGI by 127.1% in the first quarter. Wesbanco Bank Inc. now owns 17,689 shares of the utilities provider’s stock valued at $644,000 after purchasing an additional 9,900 shares during the last quarter. Foster & Motley Inc. grew its position in shares of UGI by 9.2% in the first quarter. Foster & Motley Inc. now owns 180,398 shares of the utilities provider’s stock valued at $6,570,000 after purchasing an additional 15,211 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of UGI by 4.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 303 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of UGI by 11.4% in the fourth quarter. Captrust Financial Advisors now owns 3,191,444 shares of the utilities provider’s stock valued at $119,456,000 after purchasing an additional 327,511 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.
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.
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