Zacks Investment Research lowered shares of UGI (NYSE:UGI) from a buy rating to a hold rating in a research note published on Tuesday.
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. “
UGI has been the subject of several other reports. Bank of America reiterated a buy rating on shares of UGI in a research note on Tuesday, February 27th. Citigroup reduced their target price on shares of UGI from $49.00 to $48.00 and set a neutral rating on the stock in a research report on Tuesday, March 27th. Finally, Barclays reissued a sell rating and set a $47.00 target price on shares of UGI in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $47.50.
UGI opened at $44.25 on Tuesday. 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 52-week low of $42.51 and a 52-week high of $52.00. The company has a market cap of $7,681.83, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56.
UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. UGI’s revenue for the quarter was up 28.1% on a year-over-year basis. research analysts predict that UGI will post 2.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. UGI’s payout ratio is currently 43.67%.
In other news, CEO John L. Walsh sold 25,000 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $43.84, for a total transaction of $1,096,000.00. Following 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 filing with the SEC, which is available at the SEC website. Also, insider Roger Perreault bought 2,270 shares of UGI stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average cost of $43.97 per share, for a total transaction of $99,811.90. Following the completion of the transaction, the insider now owns 21,049 shares of the company’s stock, valued at approximately $925,524.53. The disclosure for this purchase can be found here. Insiders own 2.36% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of 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 in the last quarter. Deutsche Bank AG raised its holdings in UGI by 0.7% in the fourth quarter. Deutsche Bank AG now owns 7,509,700 shares of the utilities provider’s stock valued at $352,576,000 after acquiring an additional 48,720 shares in the last quarter. APG Asset Management N.V. raised its holdings in UGI by 37.5% in the fourth quarter. APG Asset Management N.V. now owns 2,603,255 shares of the utilities provider’s stock valued at $101,784,000 after acquiring an additional 709,500 shares in the last quarter. Prudential Financial Inc. raised its holdings in UGI by 12.2% in the third quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock valued at $104,248,000 after acquiring an additional 241,470 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in UGI by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 2,024,797 shares of the utilities provider’s stock valued at $95,022,000 after acquiring an additional 101,778 shares in the last quarter. 78.14% of the stock is currently owned by institutional investors and hedge funds.
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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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