UGI Corp (UGI) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of UGI Corp (NYSE:UGI) from a hold rating to a buy rating in a report issued on Friday morning. They currently have $53.00 price target on the utilities provider’s stock.
According to Zacks, “UGI Corporation is a holding company that operates propane distribution, gas and electric utility, energy marketing and related businesses through subsidiaries. Our majority-owned subsidiary, AmeriGas Partners, L.P., a Delaware limited partnership, conducts one of the nation’s largest retail propane distribution businesses through its subsidiary AmeriGas Propane, L.P. “
Several other research firms also recently issued reports on UGI. Janney Montgomery Scott upgraded UGI Corp from a neutral rating to a buy rating and set a $47.00 target price on the stock in a research report on Monday, November 14th. Jefferies Group LLC restated a hold rating and set a $41.00 target price on shares of UGI Corp in a research report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $46.80.
UGI Corp (NYSE:UGI) opened at 49.25 on Friday. The stock’s 50 day moving average price is $49.17 and its 200-day moving average price is $46.51. UGI Corp has a one year low of $39.44 and a one year high of $50.38. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 18.01 and a beta of 0.61.
UGI Corp (NYSE:UGI) last posted its earnings results on Wednesday, February 1st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.15. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. UGI Corp had a return on equity of 10.66% and a net margin of 8.35%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, equities research analysts expect that UGI Corp will post $2.44 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 1st. Investors of record on Wednesday, March 15th were given a $0.2375 dividend. The ex-dividend date was Monday, March 13th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.93%. UGI Corp’s dividend payout ratio (DPR) is presently 34.93%.
In other UGI Corp news, CEO Robert F. Beard sold 19,500 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $48.52, for a total transaction of $946,140.00. Following the sale, the chief executive officer now owns 56,327 shares in the company, valued at $2,732,986.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne Pol sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $48.46, for a total value of $290,760.00. Following the sale, the director now owns 11,286 shares in the company, valued at approximately $546,919.56. The disclosure for this sale can be found here. Insiders sold 132,500 shares of company stock worth $6,242,390 in the last quarter. 2.20% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in UGI. Ladenburg Thalmann Financial Services Inc. increased its stake in UGI Corp by 0.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,651 shares of the utilities provider’s stock worth $228,000 after buying an additional 29 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of UGI Corp by 1.1% in the second quarter. Advisory Services Network LLC now owns 6,987 shares of the utilities provider’s stock worth $316,000 after buying an additional 75 shares during the period. World Asset Management Inc boosted its position in shares of UGI Corp by 1.0% in the second quarter. World Asset Management Inc now owns 9,623 shares of the utilities provider’s stock worth $435,000 after buying an additional 98 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of UGI Corp by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 29,812 shares of the utilities provider’s stock worth $1,349,000 after buying an additional 152 shares during the period. Finally, Advantus Capital Management Inc boosted its position in shares of UGI Corp by 0.8% in the third quarter. Advantus Capital Management Inc now owns 21,086 shares of the utilities provider’s stock worth $954,000 after buying an additional 173 shares during the period. Institutional investors and hedge funds own 78.05% of the company’s stock.
UGI Corp 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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