UGI (NYSE:UGI) PT Lowered to $27.00 at Wells Fargo & Company

UGI (NYSE:UGI) had its price target trimmed by Wells Fargo & Company from $28.00 to $27.00 in a report released on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

A number of other research analysts have also recently issued reports on the stock. TheStreet upgraded shares of UGI from a d+ rating to a c- rating in a research note on Wednesday, February 21st. StockNews.com downgraded shares of UGI from a buy rating to a hold rating in a research note on Thursday, April 18th. Finally, Mizuho increased their price objective on shares of UGI from $26.00 to $27.00 and gave the company a neutral rating in a report on Wednesday, April 17th.

UGI Price Performance

Shares of UGI stock opened at $24.30 on Friday. The stock’s fifty day simple moving average is $24.63 and its 200 day simple moving average is $23.50. UGI has a one year low of $20.19 and a one year high of $32.50. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of -59.27 and a beta of 1.13. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.07 billion. UGI had a positive return on equity of 16.18% and a negative net margin of 0.89%. The business’s revenue was down 20.6% on a year-over-year basis. During the same period last year, the business earned $1.68 earnings per share. On average, analysts expect that UGI will post 2.91 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend is Friday, June 14th. UGI’s dividend payout ratio (DPR) is currently -365.84%.

Institutional Trading of UGI

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in UGI by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock valued at $661,669,000 after purchasing an additional 625,128 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of UGI by 503.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock valued at $66,810,000 after buying an additional 2,423,713 shares in the last quarter. Federated Hermes Inc. raised its stake in UGI by 5.5% during the 4th quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock worth $61,554,000 after buying an additional 130,010 shares during the period. Norges Bank bought a new position in UGI during the fourth quarter worth about $46,034,000. Finally, Russell Investments Group Ltd. grew its stake in UGI by 19.9% in the fourth quarter. Russell Investments Group Ltd. now owns 1,673,993 shares of the utilities provider’s stock valued at $41,181,000 after acquiring an additional 277,502 shares during the period. 82.34% of the stock is owned by institutional investors.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.