UGI Corp (NYSE:UGI) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $51.00.

UGI has been the topic of a number of analyst reports. Bank of America lifted their price target on UGI from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Zacks Investment Research downgraded UGI from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $54.00 price target on shares of UGI in a report on Friday, August 17th. ValuEngine upgraded UGI from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, Barclays lifted their price target on UGI from $47.00 to $50.00 and gave the company an “underweight” rating in a report on Wednesday, July 11th.

NYSE UGI traded up $0.22 on Tuesday, reaching $54.43. 1,082,820 shares of the stock traded hands, compared to its average volume of 881,293. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 0.97. The firm has a market cap of $9.46 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.49. UGI has a 12 month low of $42.51 and a 12 month high of $55.94.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, August 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). UGI had a net margin of 11.09% and a return on equity of 11.89%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. research analysts expect that UGI will post 2.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.04 annualized dividend and a yield of 1.91%. UGI’s dividend payout ratio (DPR) is 45.41%.

In related news, insider Joseph L. Hartz sold 18,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $55.51, for a total transaction of $999,180.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.36% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in UGI. Lord Abbett & CO. LLC purchased a new position in UGI during the 1st quarter worth $15,662,000. Renaissance Technologies LLC grew its stake in UGI by 17.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,224,650 shares of the utilities provider’s stock worth $115,838,000 after buying an additional 335,000 shares during the last quarter. Allianz Asset Management GmbH grew its stake in UGI by 754.7% during the 1st quarter. Allianz Asset Management GmbH now owns 358,643 shares of the utilities provider’s stock valued at $15,931,000 after purchasing an additional 316,683 shares during the last quarter. Bank of Montreal Can purchased a new stake in UGI during the 2nd quarter valued at about $14,289,000. Finally, Canada Pension Plan Investment Board grew its stake in UGI by 73.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 618,108 shares of the utilities provider’s stock valued at $32,185,000 after purchasing an additional 262,400 shares during the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

About UGI

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

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Analyst Recommendations for UGI (NYSE:UGI)

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