UGI has been the subject of several other research reports. TheStreet downgraded UGI from a c rating to a d+ rating in a report on Friday, August 11th. Wells Fargo & Company upgraded UGI from an equal weight rating to an overweight rating and decreased their price objective for the company from $28.00 to $27.00 in a report on Monday, August 28th. They noted that the move was a valuation call. Finally, Mizuho decreased their price objective on UGI from $33.00 to $29.00 and set a neutral rating for the company in a report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, UGI currently has a consensus rating of Hold and a consensus target price of $33.50.
UGI Price Performance
UGI Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.50 annualized dividend and a yield of 6.66%. UGI’s dividend payout ratio (DPR) is currently -20.89%.
Institutional Investors Weigh In On UGI
Institutional investors have recently bought and sold shares of the stock. Stonebridge Capital Advisors LLC grew its holdings in UGI by 165.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock worth $26,000 after buying an additional 430 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in UGI during the fourth quarter worth $29,000. Fifth Third Bancorp grew its holdings in UGI by 75.5% during the first quarter. Fifth Third Bancorp now owns 872 shares of the utilities provider’s stock worth $30,000 after buying an additional 375 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in UGI during the second quarter worth $25,000. Finally, Rockefeller Capital Management L.P. boosted its position in UGI by 1,379.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,346 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 1,255 shares during the last quarter. Institutional investors own 81.53% of the company’s stock.
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.
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