UGI Corporation (UGI) Given Average Recommendation of “Hold” by Analysts
UGI Corporation (NYSE:UGI) has received an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $46.00.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of UGI Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BidaskClub lowered shares of UGI Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Barclays PLC reaffirmed a “sell” rating and issued a $45.00 price target on shares of UGI Corporation in a research note on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $46.00 price target on shares of UGI Corporation in a research note on Friday, July 14th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cibc World Markets Corp bought a new stake in shares of UGI Corporation in the 2nd quarter worth approximately $7,772,000. Captrust Financial Advisors bought a new stake in shares of UGI Corporation in the 2nd quarter worth approximately $527,000. Dorsey Wright & Associates raised its holdings in shares of UGI Corporation by 2.0% in the 2nd quarter. Dorsey Wright & Associates now owns 24,751 shares of the utilities provider’s stock worth $1,198,000 after purchasing an additional 493 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of UGI Corporation by 4,776.4% in the 2nd quarter. Schroder Investment Management Group now owns 292,584 shares of the utilities provider’s stock worth $14,179,000 after purchasing an additional 286,584 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of UGI Corporation by 13.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 21,764 shares of the utilities provider’s stock worth $1,054,000 after purchasing an additional 2,540 shares in the last quarter. Institutional investors and hedge funds own 77.59% of the company’s stock.
UGI Corporation (NYSE:UGI) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. UGI Corporation had a return on equity of 10.44% and a net margin of 6.48%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%. UGI Corporation’s payout ratio is currently 45.87%.
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UGI Corporation Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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