Wells Fargo & Company Trims UGI (NYSE:UGI) Target Price to $27.00

UGI (NYSE:UGI) had its price objective lowered by Wells Fargo & Company from $28.00 to $27.00 in a research note released on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the utilities provider’s stock.

Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of UGI from a d+ rating to a c- rating in a research note on Wednesday, February 21st. Mizuho raised their target price on shares of UGI from $26.00 to $27.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. Finally, StockNews.com cut shares of UGI from a buy rating to a hold rating in a research note on Thursday, April 18th.

UGI Stock Up 0.3 %

NYSE UGI opened at $24.30 on Friday. The business has a fifty day moving average price of $24.63 and a two-hundred day moving average price of $23.50. The stock has a market capitalization of $5.09 billion, a PE ratio of -59.27 and a beta of 1.13. UGI has a fifty-two week low of $20.19 and a fifty-two week high of $32.50. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.07 billion. UGI had a positive return on equity of 16.18% and a negative net margin of 0.89%. UGI’s revenue was down 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 EPS. Equities analysts expect that UGI will post 2.91 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.375 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.17%. UGI’s dividend payout ratio (DPR) is presently -365.84%.

Institutional Investors Weigh In On UGI

A number of institutional investors have recently added to or reduced their stakes in the business. American National Bank bought a new position in shares of UGI during the first quarter valued at $27,000. Concord Wealth Partners raised its position in UGI by 100.0% during the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 637 shares during the last quarter. GAMMA Investing LLC acquired a new position in UGI during the 4th quarter worth about $32,000. Transcendent Capital Group LLC bought a new stake in shares of UGI in the 4th quarter valued at about $39,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of UGI in the fourth quarter valued at about $40,000. 82.34% of the stock is owned by institutional investors.

About UGI

UGI Corporation, together with 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.