UGI Corporation (UGI) Lowered to “Sell” at Zacks Investment Research
Zacks Investment Research downgraded shares of UGI Corporation (NYSE:UGI) from a hold rating to a sell rating in a research report released on Thursday morning.
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 equities research analysts have also recently weighed in on the company. BidaskClub raised UGI Corporation from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Barclays PLC reissued a sell rating and set a $45.00 price objective on shares of UGI Corporation in a research note on Friday, July 21st. Finally, Jefferies Group LLC reissued a hold rating and set a $46.00 price objective on shares of UGI Corporation in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. UGI Corporation has an average rating of Hold and a consensus target price of $48.00.
Shares of UGI Corporation (UGI) traded down 0.19% during trading on Thursday, hitting $46.70. The stock had a trading volume of 651,384 shares. The stock has a 50 day moving average of $48.33 and a 200 day moving average of $49.23. The company has a market cap of $8.10 billion, a PE ratio of 21.25 and a beta of 0.67. UGI Corporation has a 12 month low of $41.79 and a 12 month high of $52.00.
UGI Corporation (NYSE:UGI) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.18 billion. UGI Corporation had a return on equity of 10.44% and a net margin of 6.48%. UGI Corporation’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Equities analysts forecast that UGI Corporation will post $2.28 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 2.14%. UGI Corporation’s payout ratio is currently 45.87%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UGI. Invictus RG bought a new position in shares of UGI Corporation during the first quarter valued at approximately $157,000. Colony Group LLC bought a new position in shares of UGI Corporation during the first quarter valued at approximately $256,000. Highbridge Capital Management LLC bought a new position in shares of UGI Corporation during the first quarter valued at approximately $275,000. River Wealth Advisors LLC grew its stake in shares of UGI Corporation by 0.8% during the first quarter. River Wealth Advisors LLC now owns 5,671 shares of the utilities provider’s stock valued at $280,000 after buying an additional 47 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of UGI Corporation during the first quarter valued at approximately $297,000. 77.59% of the stock is currently owned by hedge funds and other institutional investors.
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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