UGI Corp Hits New 1-Year High at $48.35 (UGI)
Shares of UGI Corp (NYSE:UGI) reached a new 52-week high during trading on Wednesday , AnalystRatings.Net reports. The company traded as high as $48.35 and last traded at $48.31, with a volume of 113,742 shares. The stock had previously closed at $48.19.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of UGI Corp from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Separately, analysts at Barclays initiated coverage on shares of UGI Corp in a research note on Wednesday, April 23rd. They set an “equal weight” rating and a $47.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of UGI Corp from $43.00 to $46.00 in a research note on Thursday, April 17th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $49.75.
The stock’s 50-day moving average is $46.60 and its 200-day moving average is $43.46. The company has a market cap of $5.561 billion and a price-to-earnings ratio of 16.91.
UGI Corp (NYSE:UGI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.26. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Analysts expect that UGI Corp will post $2.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, June 12th. This is a boost from UGI Corp’s previous quarterly dividend of $0.28.
UGI Corporation (NYSE:UGI) is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services.
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