Zacks Investment Research downgraded shares of UGI Corp (NYSE:UGI) from a buy rating to a hold rating in a research report report published on Thursday.

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 analysts have also recently issued reports on the company. Janney Montgomery Scott raised UGI Corp from a neutral rating to a buy rating in a research report on Tuesday, January 31st. Jefferies Group LLC reaffirmed a hold rating and set a $45.00 target price on shares of UGI Corp in a research report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. UGI Corp presently has an average rating of Hold and an average target price of $46.80.

Shares of UGI Corp (NYSE:UGI) traded down 0.30% during trading on Thursday, reaching $49.25. 509,510 shares of the company were exchanged. UGI Corp has a 52-week low of $39.44 and a 52-week high of $50.38. The stock has a 50-day moving average of $49.17 and a 200 day moving average of $46.51. The stock has a market capitalization of $8.52 billion, a P/E ratio of 18.01 and a beta of 0.61.

UGI Corp (NYSE:UGI) last announced its earnings results on Wednesday, February 1st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.15. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.76 billion. UGI Corp had a return on equity of 10.66% and a net margin of 8.35%. UGI Corp’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities analysts anticipate that UGI Corp will post $2.44 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Saturday, April 1st. Shareholders of record on Wednesday, March 15th were paid a $0.2375 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $0.95 annualized dividend and a dividend yield of 1.93%. UGI Corp’s payout ratio is presently 34.93%.

In related news, CEO John L. Walsh sold 87,500 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $46.66, for a total transaction of $4,082,750.00. Following the completion of the transaction, the chief executive officer now directly owns 502,393 shares in the company, valued at $23,441,657.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anne Pol sold 6,000 shares of the company’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $48.46, for a total value of $290,760.00. Following the completion of the transaction, the director now owns 11,286 shares of the company’s stock, valued at $546,919.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,500 shares of company stock worth $6,242,390. Corporate insiders own 2.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in UGI. Kistler Tiffany Companies LLC raised its stake in UGI Corp by 36.8% in the second quarter. Kistler Tiffany Companies LLC now owns 2,229 shares of the utilities provider’s stock worth $101,000 after buying an additional 600 shares during the period. Penserra Capital Management LLC raised its stake in UGI Corp by 100.0% in the third quarter. Penserra Capital Management LLC now owns 2,664 shares of the utilities provider’s stock worth $120,000 after buying an additional 1,332 shares during the period. Huntington National Bank bought a new stake in UGI Corp during the second quarter worth $154,000. State of Alaska Department of Revenue raised its stake in UGI Corp by 7.6% in the second quarter. State of Alaska Department of Revenue now owns 3,623 shares of the utilities provider’s stock worth $163,000 after buying an additional 257 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in UGI Corp during the second quarter worth $176,000. 78.05% of the stock is owned by institutional investors.

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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