UGI Corporation (NYSE:UGI) Receives $43.33 Average PT from Brokerages

Shares of UGI Corporation (NYSE:UGI) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $43.3333.

Several brokerages have issued reports on UGI. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of UGI in a report on Friday, April 24th. Wells Fargo & Company began coverage on shares of UGI in a report on Monday, May 11th. They issued an “overweight” rating and a $46.00 target price for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 target price (down from $45.00) on shares of UGI in a report on Thursday, April 30th.

Institutional Investors Weigh In On UGI

Large investors have recently bought and sold shares of the business. Bare Financial Services Inc increased its holdings in 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 buying an additional 685 shares in the last quarter. Torren Management LLC bought a new stake in UGI in the 4th quarter worth about $65,000. Colonial Trust Co SC bought a new stake in UGI in the 4th quarter worth about $75,000. Horizon Investments LLC bought a new stake in UGI in the 4th quarter worth about $93,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in UGI by 7.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,559 shares of the utilities provider’s stock worth $133,000 after buying an additional 254 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Performance

UGI stock opened at $34.98 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $7.50 billion, a P/E ratio of 12.27 and a beta of 0.94. The stock’s 50 day moving average is $35.58 and its 200 day moving average is $37.02. UGI has a twelve month low of $31.62 and a twelve month high of $41.34.

UGI (NYSE:UGI) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.02). UGI had a return on equity of 13.81% and a net margin of 8.71%.The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the company earned $2.21 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that UGI will post 2.89 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, June 15th. UGI’s dividend payout ratio (DPR) is presently 52.63%.

UGI Company Profile

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.