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.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Glen Harbor Capital Management LLC raised its stake in shares of UGI by 3.9% during the second quarter. Glen Harbor Capital Management LLC now owns 27,880 shares of the utilities provider’s stock valued at $1,452,000 after purchasing an additional 1,054 shares in the last quarter. Daiwa Securities Group Inc. raised its position in UGI by 21.0% in the second quarter. Daiwa Securities Group Inc. now owns 6,290 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 1,090 shares in the last quarter. Koch Industries Inc. raised its position in UGI by 20.1% in the first quarter. Koch Industries Inc. now owns 6,983 shares of the utilities provider’s stock worth $310,000 after acquiring an additional 1,169 shares in the last quarter. Asset Management One Co. Ltd. raised its position in UGI by 0.4% in the first quarter. Asset Management One Co. Ltd. now owns 307,272 shares of the utilities provider’s stock worth $13,649,000 after acquiring an additional 1,322 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in UGI by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 160,984 shares of the utilities provider’s stock worth $8,388,000 after acquiring an additional 1,335 shares in the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

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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Analyst Recommendations for UGI (NYSE:UGI)

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