Shares of UGI Corporation (NYSE:UGI) have been given a consensus rating of “Hold” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $46.67.
Several research firms have commented on UGI. Zacks Investment Research upgraded shares of UGI from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday, September 1st. Barclays lowered their target price on shares of UGI from $48.00 to $47.00 and set an “underweight” rating for the company in a research note on Friday, November 10th. Finally, BidaskClub upgraded shares of UGI from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd.
Several hedge funds have recently modified their holdings of UGI. Moneta Group Investment Advisors LLC acquired a new position in shares of UGI during the third quarter worth $323,000. Captrust Financial Advisors acquired a new position in shares of UGI during the second quarter worth $527,000. FDx Advisors Inc. acquired a new position in shares of UGI during the third quarter worth $547,000. World Asset Management Inc grew its stake in shares of UGI by 1.1% during the second quarter. World Asset Management Inc now owns 11,858 shares of the utilities provider’s stock worth $574,000 after purchasing an additional 124 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of UGI by 10.0% during the third quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock worth $690,000 after purchasing an additional 1,336 shares in the last quarter. Hedge funds and other institutional investors own 76.94% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.06%. UGI’s payout ratio is currently 40.65%.
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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