Zacks Investment Research downgraded shares of UGI (NYSE:UGI) from a buy rating to a hold rating in a research report released on Wednesday.
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. “
Several other research firms have also recently weighed in on UGI. Bank of America reissued a buy rating on shares of UGI in a research note on Tuesday, February 27th. Barclays reissued a sell rating and issued a $47.00 target price on shares of UGI in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $47.33.
Shares of UGI stock opened at $43.57 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 0.99. UGI has a fifty-two week low of $42.51 and a fifty-two week high of $52.00. The stock has a market cap of $7,526.12, a P/E ratio of 18.20, a PEG ratio of 2.11 and a beta of 0.62.
UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.08. UGI had a net margin of 8.71% and a return on equity of 10.88%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was up 28.1% compared to the same quarter last year. sell-side analysts predict that UGI will post 2.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.30%. UGI’s dividend payout ratio is presently 30.96%.
In related news, CEO John L. Walsh sold 25,000 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $43.84, for a total value of $1,096,000.00. Following the completion of the transaction, the chief executive officer now directly owns 468,166 shares of the company’s stock, valued at $20,524,397.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Roger Perreault acquired 2,270 shares of UGI stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of $43.97 per share, with a total value of $99,811.90. Following the completion of the transaction, the insider now owns 21,049 shares of the company’s stock, valued at $925,524.53. The disclosure for this purchase can be found here. 2.36% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in UGI by 2.8% during the fourth quarter. BlackRock Inc. now owns 16,606,853 shares of the utilities provider’s stock worth $779,691,000 after purchasing an additional 447,298 shares during the period. Deutsche Bank AG boosted its position in UGI by 0.7% during the fourth quarter. Deutsche Bank AG now owns 7,509,700 shares of the utilities provider’s stock worth $352,576,000 after purchasing an additional 48,720 shares during the period. APG Asset Management N.V. boosted its position in UGI by 37.5% during the fourth quarter. APG Asset Management N.V. now owns 2,603,255 shares of the utilities provider’s stock worth $101,784,000 after purchasing an additional 709,500 shares during the period. Prudential Financial Inc. boosted its position in UGI by 12.2% during the third quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock worth $104,248,000 after purchasing an additional 241,470 shares during the period. Finally, Geode Capital Management LLC boosted its position in UGI by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 2,024,797 shares of the utilities provider’s stock worth $95,022,000 after purchasing an additional 101,778 shares during the period. 78.14% of the stock is owned by hedge funds and other institutional investors.
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UGI Company Profile
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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