UGI (UGI) Hits New 1-Year High on Strong Earnings
UGI Corp (NYSE:UGI)’s share price hit a new 52-week high during mid-day trading on Monday following a better than expected earnings announcement. The company traded as high as $57.07 and last traded at $56.98, with a volume of 16545 shares trading hands. The stock had previously closed at $56.03.
The utilities provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. UGI had a net margin of 11.11% and a return on equity of 12.02%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted ($0.02) EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis.
A number of analysts have recently weighed in on the stock. Bank of America boosted their target price on shares of UGI from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 29th. Zacks Investment Research downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Barclays set a $53.00 target price on shares of UGI and gave the stock a “sell” rating in a report on Friday, October 12th. ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $54.00 target price on shares of UGI in a report on Friday, August 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.60.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in UGI by 1.0% during the 3rd quarter. BlackRock Inc. now owns 17,109,830 shares of the utilities provider’s stock valued at $949,253,000 after purchasing an additional 173,166 shares during the last quarter. Renaissance Technologies LLC grew its holdings in UGI by 8.8% during the 3rd quarter. Renaissance Technologies LLC now owns 2,420,650 shares of the utilities provider’s stock valued at $134,298,000 after purchasing an additional 196,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in UGI by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,127,568 shares of the utilities provider’s stock valued at $118,038,000 after purchasing an additional 17,683 shares during the last quarter. Northern Trust Corp grew its holdings in UGI by 1.4% during the 2nd quarter. Northern Trust Corp now owns 1,644,961 shares of the utilities provider’s stock valued at $85,654,000 after purchasing an additional 22,685 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in UGI by 12.9% in the 3rd quarter. Wells Fargo & Company MN now owns 1,479,598 shares of the utilities provider’s stock worth $82,087,000 after acquiring an additional 169,369 shares in the last quarter. Institutional investors own 79.57% of the company’s stock.
The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $9.83 billion, a P/E ratio of 21.15, a PEG ratio of 2.44 and a beta of 0.51.
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UGI Company Profile (NYSE:UGI)
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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