UGI Corp (UGI) Receives $51.00 Average Target Price from Analysts
UGI Corp (NYSE:UGI) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $51.00.
Several brokerages recently commented on UGI. ValuEngine lowered shares of UGI from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Barclays lifted their price target on shares of UGI from $47.00 to $50.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 11th. Jefferies Financial Group reiterated a “hold” rating and set a $54.00 price target on shares of UGI in a research note on Friday, August 17th. Zacks Investment Research lowered shares of UGI from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Finally, Bank of America lowered shares of UGI from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research note on Tuesday, June 5th. They noted that the move was a valuation call.
Shares of NYSE:UGI opened at $54.21 on Tuesday. UGI has a 12 month low of $42.51 and a 12 month high of $55.94. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.97. The firm has a market cap of $9.35 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.42 and a beta of 0.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 1.92%. UGI’s dividend payout ratio is presently 45.41%.
In other UGI news, insider Joseph L. Hartz sold 18,000 shares of UGI stock in a transaction on Monday, August 20th. The shares were sold at an average price of $55.51, for a total value of $999,180.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Glen Harbor Capital Management LLC increased its stake in UGI by 3.9% in the second quarter. Glen Harbor Capital Management LLC now owns 27,880 shares of the utilities provider’s stock valued at $1,452,000 after purchasing an additional 1,054 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of UGI by 21.0% in the second quarter. Daiwa Securities Group Inc. now owns 6,290 shares of the utilities provider’s stock valued at $328,000 after acquiring an additional 1,090 shares in the last quarter. 6 Meridian boosted its holdings in shares of UGI by 12.3% in the first quarter. 6 Meridian now owns 10,440 shares of the utilities provider’s stock valued at $464,000 after acquiring an additional 1,144 shares in the last quarter. Koch Industries Inc. boosted its holdings in shares of UGI by 20.1% in the first quarter. Koch Industries Inc. now owns 6,983 shares of the utilities provider’s stock valued at $310,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of UGI by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 53,760 shares of the utilities provider’s stock valued at $2,388,000 after acquiring an additional 1,320 shares in the last quarter. Institutional investors own 78.66% of the company’s stock.
UGI Company Profile
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
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