UGI (UGI) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of UGI (NYSE:UGI) from a hold rating to a buy rating in a research report sent to investors on Saturday. Zacks Investment Research currently has $53.00 price target on the utilities provider’s stock.
According to Zacks, “UGI Corporation is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services. They are a domestic and international retail distributor of propane and butane (which are liquefied petroleum gases (LPG)); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services. “
Separately, Barclays reissued a sell rating and set a $48.00 target price on shares of UGI in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $48.67.
Shares of UGI (UGI) traded down $0.26 on Friday, reaching $47.34. The company had a trading volume of 692,754 shares, compared to its average volume of 785,824. The company has a market cap of $8,197.02, a P/E ratio of 20.67 and a beta of 0.68. UGI has a 52 week low of $45.04 and a 52 week high of $52.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.00 and a quick ratio of 0.84.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.11%. The ex-dividend date was Thursday, December 14th. UGI’s dividend payout ratio (DPR) is presently 40.65%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Kistler Tiffany Companies LLC raised its stake in UGI by 41.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 1,242 shares during the period. Acropolis Investment Management LLC bought a new stake in UGI during the 4th quarter valued at approximately $248,000. Moneta Group Investment Advisors LLC bought a new stake in UGI during the 3rd quarter valued at approximately $323,000. FDx Advisors Inc. bought a new stake in UGI during the 3rd quarter valued at approximately $547,000. Finally, Xact Kapitalforvaltning AB raised its stake in UGI by 10.0% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock valued at $690,000 after purchasing an additional 1,336 shares during the period. 77.00% of the stock is currently owned by institutional investors.
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UGI 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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