UGI Corporation (NYSE:UGI – Get Free Report) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.80.
A number of equities research analysts have weighed in on UGI shares. Wells Fargo & Company dropped their price target on shares of UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Wall Street Zen lowered shares of UGI from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings lowered shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Jefferies Financial Group raised shares of UGI from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $43.00 in a research report on Wednesday, September 9th. Finally, Scotiabank initiated coverage on shares of UGI in a research report on Tuesday, September 29th. They set an “outperform” rating and a $46.00 price objective for the company.
Read Our Latest Stock Report on UGI
UGI Stock Performance
NYSE UGI opened at $37.52 on Friday. The stock has a fifty day simple moving average of $37.18 and a 200-day simple moving average of $36.16. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. The stock has a market cap of $8.05 billion, a PE ratio of 12.55 and a beta of 0.93. UGI has a twelve month low of $31.65 and a twelve month high of $41.34.
UGI (NYSE:UGI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a net margin of 9.20% and a return on equity of 12.80%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Equities analysts anticipate that UGI will post 2.81 earnings per share for the current year.
UGI Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.3750 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. UGI’s payout ratio is presently 50.17%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of UGI. Fifth Third Wealth Advisors LLC raised its holdings in shares of UGI by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock valued at $282,000 after buying an additional 303 shares during the period. Parkside Financial Bank & Trust lifted its stake in UGI by 80.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 322 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in UGI by 5.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,033 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 391 shares during the period. Versant Capital Management Inc boosted its holdings in UGI by 45.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 397 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in UGI by 36.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,521 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 405 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.
About UGI
UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Through its subsidiaries, the company distributes and markets natural gas, propane, electricity and related energy products to residential, commercial, industrial and institutional customers.
UGI Utilities operates regulated natural gas and electric distribution businesses in Pennsylvania and provides natural gas, electric and related services to customers in the region. The company also owns AmeriGas, one of the largest retail propane distributors in the United States, serving households, businesses, agricultural customers and other end users through a nationwide distribution network.
UGI has additional energy operations in Europe through its international LPG businesses and participates in energy marketing, midstream and related activities.
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