UGI’s (UGI) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c-) rating on shares of UGI (NYSE:UGI) in a report released on Friday morning,Weiss Ratings reports.

Several other equities analysts have also issued reports on the company. Zacks Research upgraded UGI to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen raised UGI from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, UGI currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

UGI Price Performance

UGI stock opened at $33.72 on Friday. The firm has a market cap of $7.25 billion, a P/E ratio of 17.75 and a beta of 1.06. The firm’s fifty day moving average is $33.52 and its 200 day moving average is $34.54. UGI has a 52 week low of $23.14 and a 52 week high of $37.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, August 30th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter. UGI had a net margin of 5.70% and a return on equity of 15.73%. The business had revenue of $2.03 billion during the quarter. Research analysts predict that UGI will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.4%. UGI’s payout ratio is 78.95%.

Institutional Trading of UGI

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in UGI by 7.3% in the 1st quarter. GAMMA Investing LLC now owns 8,398 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 573 shares in the last quarter. State of Alaska Department of Revenue raised its stake in UGI by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 25,171 shares of the utilities provider’s stock worth $832,000 after buying an additional 695 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in UGI by 8.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 88,547 shares of the utilities provider’s stock worth $2,928,000 after buying an additional 6,563 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in UGI by 10.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,073 shares of the utilities provider’s stock worth $498,000 after buying an additional 1,371 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in UGI by 4.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 55,837 shares of the utilities provider’s stock valued at $1,847,000 after acquiring an additional 2,501 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Company Profile

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.