UGI Co. (NYSE:UGI) Receives $33.50 Average Target Price from Brokerages

Shares of UGI Co. (NYSE:UGI) have been assigned a consensus recommendation of “Reduce” from the four ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $33.50.

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of UGI from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company upgraded shares of UGI from an “equal weight” rating to an “overweight” rating and decreased their price target 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. TheStreet downgraded shares of UGI from a “c” rating to a “d+” rating in a research report on Friday, August 11th. Finally, Mizuho decreased their target price on UGI from $33.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, September 11th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UGI. Stonebridge Capital Advisors LLC lifted its position in shares of UGI by 165.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 430 shares in the last quarter. BerganKDV Wealth Management LLC lifted its holdings in UGI by 189.8% in the 1st quarter. BerganKDV Wealth Management LLC now owns 742 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 486 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in UGI in the 4th quarter worth approximately $29,000. Fifth Third Bancorp grew its holdings in UGI by 75.5% during the 1st quarter. Fifth Third Bancorp now owns 872 shares of the utilities provider’s stock valued at $30,000 after buying an additional 375 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in shares of UGI during the second quarter valued at approximately $25,000. Institutional investors own 81.53% of the company’s stock.

UGI Stock Up 3.8 %

UGI stock opened at $22.51 on Friday. The company has a market cap of $4.72 billion, a price-to-earnings ratio of -3.14, a P/E/G ratio of 0.84 and a beta of 1.10. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.78 and a current ratio of 0.98. The business’s 50-day moving average is $22.14 and its two-hundred day moving average is $25.03. UGI has a fifty-two week low of $20.19 and a fifty-two week high of $43.19.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.66%. UGI’s payout ratio is -20.89%.

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.