UGI (NYSE:UGI) Price Target Lowered to $29.00 at Mizuho

UGI (NYSE:UGI) had its price objective trimmed by Mizuho from $33.00 to $29.00 in a report issued on Monday morning, MarketBeat reports. The firm currently has a neutral rating on the utilities provider’s stock.

Several other research firms have also recently issued reports on UGI. TheStreet cut UGI from a c rating to a d+ rating in a research report on Friday, August 11th. Wells Fargo & Company upgraded UGI from an equal weight rating to an overweight rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Finally, StockNews.com cut UGI from a hold rating to a sell rating in a research report on Monday, September 4th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, UGI has a consensus rating of Hold and an average price target of $33.50.

UGI Stock Performance

Shares of UGI opened at $24.10 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 1.56. UGI has a 52 week low of $22.44 and a 52 week high of $43.19. The business has a 50-day simple moving average of $24.88 and a two-hundred day simple moving average of $29.23. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of -3.62, a PEG ratio of 1.09 and a beta of 1.06.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.23%. The ex-dividend date is Thursday, September 14th. UGI’s dividend payout ratio is presently -22.52%.

Hedge Funds Weigh In On UGI

Institutional investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in shares of UGI in the 1st quarter valued at approximately $25,000. Salem Investment Counselors Inc. bought a new stake in shares of UGI in the 2nd quarter valued at approximately $25,000. BerganKDV Wealth Management LLC lifted its stake in shares of UGI by 189.8% in the 1st quarter. BerganKDV Wealth Management LLC now owns 742 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 486 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its stake in shares of UGI by 165.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 430 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of UGI in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

UGI Company Profile

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.