Analysts Set UGI Corp (UGI) Target Price at $51.00
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.
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.
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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