UGI Corporation (UGI) Upgraded at BidaskClub
BidaskClub upgraded shares of UGI Corporation (NYSE:UGI) from a sell rating to a hold rating in a research note published on Wednesday.
Several other brokerages have also weighed in on UGI. Zacks Investment Research upgraded UGI Corporation from a hold rating to a buy rating and set a $54.00 price target for the company in a research note on Thursday, August 10th. Barclays PLC restated a sell rating and issued a $45.00 price target on shares of UGI Corporation in a research note on Friday, July 21st. Finally, Jefferies Group LLC restated a hold rating and issued a $46.00 price target on shares of UGI Corporation in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $47.80.
Shares of UGI Corporation (NYSE:UGI) opened at 49.39 on Wednesday. UGI Corporation has a one year low of $41.79 and a one year high of $52.00. The company has a 50-day moving average price of $49.20 and a 200 day moving average price of $49.18. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 22.47 and a beta of 0.67.
UGI Corporation (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. UGI Corporation had a net margin of 6.48% and a return on equity of 10.44%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. UGI Corporation’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts expect that UGI Corporation will post $2.29 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 2.02%. UGI Corporation’s dividend payout ratio (DPR) is currently 45.87%.
In other UGI Corporation news, insider Joseph L. Hartz sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $51.65, for a total transaction of $774,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne Pol sold 6,750 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $50.61, for a total value of $341,617.50. Following the sale, the director now owns 12,062 shares of the company’s stock, valued at $610,457.82. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in UGI Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 18,875,325 shares of the utilities provider’s stock valued at $932,441,000 after buying an additional 666,792 shares during the period. BlackRock Inc. raised its stake in UGI Corporation by 4,111.8% in the first quarter. BlackRock Inc. now owns 17,048,089 shares of the utilities provider’s stock valued at $842,176,000 after buying an additional 16,643,321 shares during the period. State Street Corp raised its stake in UGI Corporation by 1.2% in the first quarter. State Street Corp now owns 9,193,907 shares of the utilities provider’s stock valued at $454,179,000 after buying an additional 107,289 shares during the period. First Eagle Investment Management LLC raised its stake in UGI Corporation by 3.1% in the first quarter. First Eagle Investment Management LLC now owns 7,121,890 shares of the utilities provider’s stock valued at $351,821,000 after buying an additional 213,192 shares during the period. Finally, AQR Capital Management LLC raised its stake in UGI Corporation by 2.2% in the first quarter. AQR Capital Management LLC now owns 4,247,359 shares of the utilities provider’s stock valued at $209,820,000 after buying an additional 91,005 shares during the period. Institutional investors own 78.41% of the company’s stock.
About UGI Corporation
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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