UGI (NYSE:UGI) Shares Cross Above 200 Day Moving Average – What’s Next?

UGI Corporation (NYSE:UGI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.04 and traded as high as $37.76. UGI shares last traded at $37.5050, with a volume of 3,294,995 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a $45.00 target price on shares of UGI in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of UGI in a research report on Friday, November 28th. Zacks Research upgraded UGI to a “hold” rating in a report on Monday, August 11th. Finally, Wall Street Zen lowered UGI from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.00.

UGI Stock Up 0.3%

The company has a debt-to-equity ratio of 1.36, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a 50 day simple moving average of $34.49 and a 200-day simple moving average of $35.03. The firm has a market cap of $8.05 billion, a PE ratio of 12.06 and a beta of 1.06.

UGI (NYSE:UGI) last released its quarterly earnings data on Friday, November 21st. The utilities provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.21. UGI had a net margin of 9.30% and a return on equity of 15.10%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business earned ($1.27) EPS. UGI’s revenue was down 3.6% compared to the same quarter last year. Sell-side analysts predict that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, December 15th. UGI’s dividend payout ratio (DPR) is currently 48.23%.

Insider Buying and Selling at UGI

In other news, insider Joseph L. Hartz sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $38.68, for a total value of $580,200.00. Following the completion of the transaction, the insider owned 33,492 shares in the company, valued at $1,295,470.56. The trade was a 30.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On UGI

Several hedge funds and other institutional investors have recently bought and sold shares of UGI. Princeton Global Asset Management LLC purchased a new position in UGI in the third quarter worth about $33,000. Bare Financial Services Inc lifted its stake in shares of UGI by 103.8% in the 3rd quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 685 shares during the period. Quarry LP purchased a new position in shares of UGI in the first quarter worth approximately $51,000. SouthState Corp bought a new stake in shares of UGI during the 1st quarter valued at $62,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of UGI in the 2nd quarter worth $86,000. Institutional investors own 82.34% of the company’s stock.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.