UGI Corporation (NYSE:UGI) Stock Has Average Target Price of $45.80 According to Brokerages

Shares of UGI Corporation (NYSE:UGI) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $45.80.

A number of brokerages have recently commented on UGI. Zacks Research lowered UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Jefferies Financial Group upgraded UGI from a “hold” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $43.00 in a report on Wednesday, September 9th. Wells Fargo & Company reduced their target price on UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Scotiabank started coverage on UGI in a research report on Tuesday, September 29th. They set an “outperform” rating and a $46.00 target price for the company. Finally, Weiss Ratings cut UGI from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th.

Institutional Trading of UGI

Several large investors have recently modified their holdings of UGI. Fifth Third Wealth Advisors LLC raised its holdings in UGI by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock worth $282,000 after acquiring an additional 303 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of UGI by 80.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 322 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of UGI by 5.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,033 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 391 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of UGI by 45.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 397 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of UGI by 36.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,521 shares of the utilities provider’s stock valued at $53,000 after buying an additional 405 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

UGI Trading Down 0.0%

Shares of NYSE:UGI opened at $37.67 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $8.08 billion, a PE ratio of 12.91 and a beta of 0.93. UGI has a 1 year low of $31.62 and a 1 year high of $41.34. The firm has a fifty day moving average price of $37.09 and a 200 day moving average price of $36.15.

UGI (NYSE:UGI) last posted its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a net margin of 9.20% and a return on equity of 12.80%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. Analysts expect that UGI will post 2.81 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were paid a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 15th. UGI’s payout ratio is presently 50.17%.

About UGI

UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Through its subsidiaries, the company distributes and markets natural gas, propane, electricity and related energy products to residential, commercial, industrial and institutional customers.

UGI Utilities operates regulated natural gas and electric distribution businesses in Pennsylvania and provides natural gas, electric and related services to customers in the region. The company also owns AmeriGas, one of the largest retail propane distributors in the United States, serving households, businesses, agricultural customers and other end users through a nationwide distribution network.

UGI has additional energy operations in Europe through its international LPG businesses and participates in energy marketing, midstream and related activities.