BidaskClub upgraded shares of UGI Corporation (NYSE:UGI) from a sell rating to a hold rating in a research report report published on Monday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded UGI Corporation from a hold rating to a buy rating and set a $55.00 target price on the stock in a research report on Friday, April 21st. Jefferies Group LLC reiterated a hold rating and set a $46.00 target price on shares of UGI Corporation in a research report on Wednesday, April 19th. Finally, Barclays PLC reiterated a sell rating and set a $45.00 target price on shares of UGI Corporation in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $48.00.

UGI Corporation (NYSE:UGI) opened at 50.60 on Monday. UGI Corporation has a 12 month low of $41.79 and a 12 month high of $52.00. The company’s 50-day moving average price is $49.56 and its 200 day moving average price is $48.78. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 19.08 and a beta of 0.67.

UGI Corporation (NYSE:UGI) last posted its quarterly earnings results on Monday, May 1st. The utilities provider reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.32 by $0.01. UGI Corporation had a net margin of 7.84% and a return on equity of 11.06%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts predict that UGI Corporation will post $2.31 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, September 14th. UGI Corporation’s dividend payout ratio (DPR) is currently 38.02%.

In related news, insider Joseph L. Hartz sold 15,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $51.65, for a total value of $774,750.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anne Pol sold 6,750 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $50.61, for a total value of $341,617.50. Following the completion of the transaction, the director now owns 12,062 shares in the company, valued at approximately $610,457.82. The disclosure for this sale can be found here. Insiders have sold 97,250 shares of company stock worth $4,954,218 in the last quarter. Insiders own 2.20% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Boston Advisors LLC boosted its position in shares of UGI Corporation by 0.6% in the second quarter. Boston Advisors LLC now owns 104,052 shares of the utilities provider’s stock valued at $5,037,000 after buying an additional 581 shares during the period. Russell Investments Group Ltd. boosted its position in shares of UGI Corporation by 0.6% in the second quarter. Russell Investments Group Ltd. now owns 289,940 shares of the utilities provider’s stock valued at $14,033,000 after buying an additional 1,670 shares during the period. Aperio Group LLC boosted its position in shares of UGI Corporation by 35.8% in the second quarter. Aperio Group LLC now owns 57,922 shares of the utilities provider’s stock valued at $2,804,000 after buying an additional 15,259 shares during the period. Mountain Pacific Investment Advisers Inc. ID purchased a new position in UGI Corporation during the second quarter worth approximately $3,277,000. Finally, Xact Kapitalforvaltning AB raised its position in UGI Corporation by 0.8% in the second quarter. Xact Kapitalforvaltning AB now owns 13,383 shares of the utilities provider’s stock worth $648,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

UGI Corporation Company Profile

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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