Zacks Investment Research downgraded shares of UGI (NYSE:UGI) from a buy rating to a hold rating in a research report report published on Friday, January 12th.
According to Zacks, “UGI Corporation is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services. They are a domestic and international retail distributor of propane and butane (which are liquefied petroleum gases (LPG)); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services. “
Separately, Barclays reaffirmed a sell rating and issued a $48.00 price target on shares of UGI in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $48.67.
Shares of UGI (UGI) traded down $0.60 during trading hours on Friday, hitting $45.72. 922,500 shares of the company were exchanged, compared to its average volume of 866,669. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. UGI has a twelve month low of $45.04 and a twelve month high of $52.00. The company has a market cap of $7,916.51, a P/E ratio of 18.59 and a beta of 0.68.
UGI (NYSE:UGI) last posted its earnings results on Wednesday, November 8th. The utilities provider reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). UGI had a net margin of 7.13% and a return on equity of 10.65%. analysts expect that UGI will post 2.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. UGI’s dividend payout ratio is currently 40.65%.
A number of institutional investors have recently added to or reduced their stakes in UGI. Schroder Investment Management Group grew its position in UGI by 4,776.4% in the second quarter. Schroder Investment Management Group now owns 292,584 shares of the utilities provider’s stock worth $14,179,000 after acquiring an additional 286,584 shares in the last quarter. Prudential Financial Inc. grew its position in UGI by 12.2% in the third quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock worth $104,248,000 after acquiring an additional 241,470 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of UGI during the 2nd quarter worth $7,772,000. Mountain Pacific Investment Advisers Inc. ID boosted its holdings in shares of UGI by 235.3% during the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 226,985 shares of the utilities provider’s stock worth $10,637,000 after buying an additional 159,285 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of UGI by 8.8% during 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 during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.
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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.
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