UGI Corp Hits New 12-Month High at $52.99 (UGI)
UGI Corp (NYSE:UGI) shares reached a new 52-week high during trading on Friday , Analyst Ratings Net reports. The company traded as high as $52.99 and last traded at $52.98, with a volume of 115,280 shares traded. The stock had previously closed at $52.73.
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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $49.00.
The stock’s 50-day moving average is $50.20 and its 200-day moving average is $47.50. The company has a market cap of $6.097 billion and a price-to-earnings ratio of 17.94. Shares of UGI Corp are set to split on Monday, September 8th. The 3-2 split was announced on Tuesday, July 29th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, September 5th.
UGI Corp (NYSE:UGI) last announced its earnings results on Tuesday, July 29th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters 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. Stockholders 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 1.65%. The ex-dividend date is Thursday, September 11th. This is a boost from UGI Corp’s previous quarterly dividend of $0.20.
In other UGI Corp news, Director Lon R. Greenberg unloaded 40,000 shares of UGI Corp stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $52.13, for a total transaction of $2,085,200.00. The sale was disclosed in a filing with the SEC, 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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