Wall Street Zen upgraded shares of UGI (NYSE:UGI – Free Report) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.
Several other research firms have also commented on UGI. Wells Fargo & Company reduced their price objective on UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Zacks Research downgraded UGI from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Weiss Ratings lowered UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.00.
View Our Latest Stock Report on UGI
UGI Stock Performance
UGI (NYSE:UGI – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.50 billion. UGI had a return on equity of 12.80% and a net margin of 9.20%. On average, research analysts anticipate that UGI will post 2.82 earnings per share for the current year.
UGI Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 3.9%. UGI’s dividend payout ratio (DPR) is currently 50.17%.
Insider Activity at UGI
In other news, insider Kathleen Shea-Ballay sold 25,360 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the completion of the transaction, the insider owned 25,360 shares of the company’s stock, valued at $852,603.20. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by insiders.
Institutional Trading of UGI
Several institutional investors and hedge funds have recently added to or reduced their stakes in UGI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in UGI by 9.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider’s stock worth $2,603,000 after purchasing an additional 6,649 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in UGI by 14.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider’s stock valued at $30,781,000 after buying an additional 116,372 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in UGI by 17.2% during 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 valued at $25,971,000 after buying an additional 115,409 shares in the last quarter. Focus Partners Wealth raised its position in shares of UGI by 92.6% during the first quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider’s stock valued at $747,000 after buying an additional 10,861 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of UGI by 15.6% during the second quarter. Baird Financial Group Inc. now owns 28,359 shares of the utilities provider’s stock valued at $1,033,000 after buying an additional 3,825 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.
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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