UGI (UGI) Set to Announce Quarterly Earnings on Wednesday

UGI (NYSE:UGI – Get Rating) is scheduled to announce its earnings results after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

UGI Stock Performance

UGI opened at $39.48 on Wednesday. The business has a fifty day simple moving average of $38.64 and a 200 day simple moving average of $37.99. The company has a market capitalization of $8.28 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. UGI has a 1 year low of $31.19 and a 1 year high of $46.13. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.56 and a quick ratio of 1.28.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, January 1st. Investors of record on Thursday, December 15th were paid a $0.36 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.44 annualized dividend and a yield of 3.65%. UGI’s dividend payout ratio (DPR) is presently 29.03%.

Insider Transactions at UGI

In other news, VP Monica M. Gaudiosi sold 75,000 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $35.31, for a total transaction of $2,648,250.00. Following the completion of the transaction, the vice president now owns 61,109 shares of the company’s stock, valued at approximately $2,157,758.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other UGI news, CEO Roger Perreault sold 16,341 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $35.01, for a total value of $572,098.41. Following the completion of the transaction, the chief executive officer now owns 37,560 shares of the company’s stock, valued at approximately $1,314,975.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Monica M. Gaudiosi sold 75,000 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $35.31, for a total value of $2,648,250.00. Following the completion of the transaction, the vice president now directly owns 61,109 shares of the company’s stock, valued at approximately $2,157,758.79. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On UGI

A number of institutional investors have recently made changes to their positions in UGI. US Bancorp DE grew its position in shares of UGI by 35.2% in the 1st quarter. US Bancorp DE now owns 16,028 shares of the utilities provider’s stock valued at $580,000 after buying an additional 4,176 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of UGI by 13.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider’s stock valued at $484,000 after buying an additional 1,618 shares during the last quarter. Bank of Montreal Can grew its position in shares of UGI by 7.9% in the 1st quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider’s stock valued at $2,704,000 after buying an additional 5,396 shares during the last quarter. Panagora Asset Management Inc. grew its position in shares of UGI by 23.0% in the 1st quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider’s stock valued at $1,399,000 after buying an additional 7,225 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of UGI by 7.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider’s stock valued at $6,489,000 after purchasing an additional 11,826 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on UGI shares. Bank of America downgraded UGI from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $43.00 to $41.00 in a research note on Wednesday, November 23rd. StockNews.com began coverage on UGI in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet raised UGI from a “c+” rating to a “b-” rating in a report on Thursday, December 22nd. Barclays cut UGI from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $36.00 to $39.00 in a report on Wednesday, January 18th. They noted that the move was a valuation call. Finally, Wells Fargo & Company lifted their price objective on UGI from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.67.

About UGI

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UGI Corporation, through 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.