UGI (UGI) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of UGI (NYSE:UGI) from a hold rating to a buy rating in a research note released on Friday.
Several other analysts have also recently issued reports on UGI. Jefferies Financial Group reissued a hold rating and set a $54.00 price objective on shares of UGI in a research note on Friday, August 17th. Barclays set a $53.00 price objective on shares of UGI and gave the company a sell rating in a research note on Friday, October 12th. Zacks Investment Research cut shares of UGI from a buy rating to a hold rating in a research note on Wednesday, October 17th. Finally, Bank of America boosted their price objective on shares of UGI from $52.00 to $54.00 and gave the company a neutral rating in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $52.60.
UGI traded up $0.40 during trading on Friday, hitting $58.96. The company’s stock had a trading volume of 1,183,455 shares, compared to its average volume of 901,273. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.91 and a current ratio of 1.09. The company has a market capitalization of $10.18 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. UGI has a twelve month low of $42.51 and a twelve month high of $59.31.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 1.76%. UGI’s dividend payout ratio is presently 37.96%.
In related news, Director Anne Pol sold 3,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $57.24, for a total transaction of $171,720.00. Following the completion of the sale, the director now directly owns 8,478 shares of the company’s stock, valued at approximately $485,280.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Ann P. Kelly sold 9,595 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $56.80, for a total transaction of $544,996.00. The disclosure for this sale can be found here. Insiders have sold a total of 109,279 shares of company stock valued at $6,221,941 over the last three months. Corporate insiders own 2.36% of the company’s stock.
A number of institutional investors have recently made changes to their positions in UGI. Man Group plc boosted its position in UGI by 69.4% during the 3rd quarter. Man Group plc now owns 1,243,256 shares of the utilities provider’s stock worth $68,976,000 after purchasing an additional 509,232 shares during the period. Hennessy Advisors Inc. boosted its position in UGI by 199.4% in the 3rd quarter. Hennessy Advisors Inc. now owns 759,752 shares of the utilities provider’s stock valued at $42,151,000 after buying an additional 506,000 shares during the last quarter. First Quadrant L P CA purchased a new position in UGI in the 3rd quarter valued at about $21,862,000. Renaissance Technologies LLC boosted its position in UGI by 17.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,224,650 shares of the utilities provider’s stock valued at $115,838,000 after buying an additional 335,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in UGI by 73.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 618,108 shares of the utilities provider’s stock valued at $32,185,000 after buying an additional 262,400 shares during the last quarter. 79.38% of the stock is owned by hedge funds and other institutional investors.
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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