UGI (NYSE:UGI) Shares Up 3% on Analyst Upgrade

UGI Co. (NYSE:UGIGet Rating)’s share price traded up 3% on Monday after Wells Fargo & Company raised their price target on the stock from $36.00 to $39.00. Wells Fargo & Company currently has an equal weight rating on the stock. UGI traded as high as $39.86 and last traded at $39.78. 12,922 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 1,479,660 shares. The stock had previously closed at $38.61.

A number of other equities analysts have also recently weighed in on the stock. TheStreet cut shares of UGI from a “b-” rating to a “c+” rating in a research report on Monday, October 24th. StockNews.com initiated coverage on shares of UGI in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Barclays decreased their price target on shares of UGI from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, UGI presently has an average rating of “Hold” and an average price target of $37.67.

Insider Buying and Selling at UGI

In other UGI news, VP Monica M. Gaudiosi sold 75,000 shares of UGI stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total value of $2,648,250.00. Following the transaction, the vice president now directly owns 61,109 shares in the company, valued at $2,157,758.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Monica M. Gaudiosi sold 75,000 shares of UGI stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total value of $2,648,250.00. Following the sale, the vice president now owns 61,109 shares of the company’s stock, valued at $2,157,758.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Roger Perreault sold 16,341 shares of UGI stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $35.01, for a total transaction of $572,098.41. Following the completion of the sale, the chief executive officer now directly owns 37,560 shares in the company, valued at approximately $1,314,975.60. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On UGI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UGI. Allworth Financial LP raised its position in UGI by 598.5% during the second quarter. Allworth Financial LP now owns 915 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 784 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of UGI by 83.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,050 shares of the utilities provider’s stock valued at $41,000 after buying an additional 477 shares during the last quarter. Private Trust Co. NA acquired a new position in UGI during the second quarter worth approximately $44,000. Concourse Financial Group Securities Inc. increased its position in UGI by 46.7% during the second quarter. Concourse Financial Group Securities Inc. now owns 1,276 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 406 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in UGI during the third quarter worth approximately $50,000. Institutional investors and hedge funds own 81.58% of the company’s stock.

UGI Stock Up 5.8 %

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.70 and a quick ratio of 1.46. The firm’s 50-day moving average is $34.82 and its 200 day moving average is $38.49. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, December 14th. This represents a $1.44 annualized dividend and a yield of 3.53%. UGI’s dividend payout ratio is currently 29.03%.

About UGI

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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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.

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