UGI Corp Hits New 1-Year High at $51.52 (UGI)
UGI Corp (NYSE:UGI) shares reached a new 52-week high during mid-day trading on Tuesday , American Banking News reports. The company traded as high as $51.52 and last traded at $51.32, with a volume of 402,928 shares. The stock had previously closed at $50.71.
Separately, analysts at BMO Capital Markets raised their price target on shares of UGI Corp from $49.00 to $50.00 in a research note on Thursday, July 3rd. They now have a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.00.
The stock’s 50-day moving average is $49.82 and its 200-day moving average is $46.97. The company has a market cap of $5.914 billion and a P/E ratio of 17.25. UGI Corp’s stock is scheduled to split before the market opens on Monday, September 8th. The 3-2 split was announced on Tuesday, July 29th. The newly minted shares will be distributed to shareholders after the market closes on Friday, September 5th.
UGI Corp (NYSE:UGI) last issued its earnings data on Tuesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02. Analysts expect that UGI Corp will post $3.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, September 11th. This is a positive change from UGI Corp’s previous quarterly dividend of $0.20.
In other UGI Corp news, CEO John L. Walsh sold 40,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $50.38, for a total value of $2,015,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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