UGI (NYSE:UGI) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of UGI (NYSE:UGI) from a sell rating to a hold rating in a report issued on Wednesday morning.

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

Shares of UGI opened at $22.51 on Wednesday. UGI has a 52-week low of $20.19 and a 52-week high of $43.19. 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 price is $22.14 and its two-hundred day moving average price is $25.03. The firm has a market cap of $4.72 billion, a PE ratio of -3.14, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10.

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.

About UGI

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.