UGI Corp (NYSE:UGI) – Research analysts at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for UGI in a report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst C. Sighinolfi now anticipates that the utilities provider will post earnings per share of $0.96 for the quarter, up from their previous estimate of $0.94. Jefferies Group also issued estimates for UGI’s Q2 2018 earnings at $1.51 EPS, FY2018 earnings at $2.54 EPS and FY2022 earnings at $2.94 EPS.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded UGI from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Saturday. Barclays reduced their price objective on UGI from $48.00 to $47.00 and set an “underweight” rating for the company in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.67.
Shares of UGI (UGI) traded down $0.26 during trading hours on Thursday, hitting $47.34. The stock had a trading volume of 692,754 shares, compared to its average volume of 890,965. UGI has a 1 year low of $45.04 and a 1 year high of $52.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.00 and a quick ratio of 0.84. The company has a market capitalization of $8,200.00, a P/E ratio of 19.24 and a beta of 0.68.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 2.11%. UGI’s payout ratio is 40.65%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its holdings in UGI by 12.2% in the 3rd quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock worth $104,248,000 after buying an additional 241,470 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in UGI by 8.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 528,435 shares of the utilities provider’s stock worth $24,762,000 after buying an additional 42,601 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in UGI by 2.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 352,690 shares of the utilities provider’s stock worth $16,527,000 after buying an additional 9,403 shares in the last quarter. Rhumbline Advisers increased its holdings in UGI by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 308,020 shares of the utilities provider’s stock worth $14,434,000 after buying an additional 1,116 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in UGI by 4,776.4% in the 2nd quarter. Schroder Investment Management Group now owns 292,584 shares of the utilities provider’s stock worth $14,179,000 after buying an additional 286,584 shares in the last quarter. Institutional investors own 77.00% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Q1 2018 Earnings Forecast for UGI Corp Issued By Jefferies Group (UGI)” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/01/13/ugi-corp-to-post-q1-2018-earnings-of-0-96-per-share-jefferies-group-forecasts-ugi.html.
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
Get a free copy of the Zacks research report on UGI (UGI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.