UGI Corp (UGI) Receives Consensus Rating of “Hold” from Brokerages
UGI Corp (NYSE:UGI) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $51.75.
UGI has been the subject of several analyst reports. ValuEngine raised shares of UGI from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Jefferies Financial Group restated a “hold” rating and set a $54.00 price objective on shares of UGI in a research note on Friday, August 17th. Bank of America lifted their price objective on shares of UGI from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Finally, Barclays set a $53.00 price objective on shares of UGI and gave the company a “sell” rating in a research note on Friday.
In related news, insider Joseph L. Hartz sold 18,000 shares of UGI stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $55.51, for a total transaction of $999,180.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.36% of the stock is owned by insiders.
Shares of UGI opened at $53.39 on Friday. UGI has a 1 year low of $42.51 and a 1 year high of $56.00. The firm has a market cap of $9.65 billion, a PE ratio of 23.31, a PEG ratio of 2.50 and a beta of 0.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 0.99.
UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $1.31 billion. During the same period last year, the firm posted $0.09 EPS. The business’s revenue was up 24.9% compared to the same quarter last year. On average, analysts anticipate that UGI will post 2.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, September 13th. UGI’s dividend payout ratio is currently 45.41%.
UGI Company Profile
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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