Zacks Investment Research Upgrades UGI (UGI) to “Buy”
Zacks Investment Research upgraded shares of UGI (NYSE:UGI) from a hold rating to a buy rating in a research note released on Saturday morning. They currently have $53.00 price target on the utilities provider’s stock.
According to Zacks, “UGI Corporation is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services. They are a domestic and international retail distributor of propane and butane (which are liquefied petroleum gases (LPG)); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services. “
Separately, Barclays reaffirmed a sell rating and issued a $48.00 price target on shares of UGI in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $48.67.
UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, November 8th. The utilities provider reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). UGI had a return on equity of 10.65% and a net margin of 7.13%. sell-side analysts expect that UGI will post 2.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.13%. UGI’s payout ratio is presently 40.65%.
Institutional investors have recently bought and sold shares of the company. Kistler Tiffany Companies LLC increased its stake in shares of UGI by 41.6% in the fourth quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 1,242 shares during the period. Acropolis Investment Management LLC bought a new position in shares of UGI in the fourth quarter worth about $248,000. Moneta Group Investment Advisors LLC bought a new position in shares of UGI in the third quarter worth about $323,000. FDx Advisors Inc. bought a new position in shares of UGI in the third quarter worth about $547,000. Finally, Xact Kapitalforvaltning AB increased its stake in shares of UGI by 10.0% in the third quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock worth $690,000 after purchasing an additional 1,336 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.
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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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