UGI Corporation (NYSE:UGI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday, July 24th.
Other equities analysts have also recently issued research reports about the company. Jefferies Group LLC restated a “hold” rating and set a $46.00 price objective on shares of UGI Corporation in a report on Wednesday, April 19th. Barclays PLC dropped their price objective on UGI Corporation from $44.00 to $43.00 and set an “underweight” rating for the company in a report on Tuesday, May 2nd. Finally, Zacks Investment Research lowered UGI Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $47.80.
Shares of UGI Corporation (NYSE:UGI) opened at 48.88 on Monday. UGI Corporation has a 1-year low of $41.79 and a 1-year high of $52.00. The firm has a market capitalization of $8.47 billion, a P/E ratio of 22.24 and a beta of 0.67. The stock has a 50 day moving average of $49.08 and a 200-day moving average of $49.08.
UGI Corporation (NYSE:UGI) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.07. UGI Corporation had a net margin of 6.48% and a return on equity of 10.44%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. UGI Corporation’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that UGI Corporation will post $2.29 earnings per share for the current year.
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In related news, Director Roger B. Vincent sold 25,500 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $50.70, for a total transaction of $1,292,850.00. Following the transaction, the director now directly owns 20,266 shares of the company’s stock, valued at approximately $1,027,486.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anne Pol sold 6,750 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $50.61, for a total value of $341,617.50. Following the transaction, the director now directly owns 12,062 shares in the company, valued at $610,457.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,250 shares of company stock valued at $4,954,218. Corporate insiders own 2.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Cibc World Markets Corp purchased a new stake in UGI Corporation during the second quarter valued at $7,772,000. Captrust Financial Advisors purchased a new stake in UGI Corporation during the second quarter valued at $527,000. Dorsey Wright & Associates increased its stake in UGI Corporation by 2.0% in the second quarter. Dorsey Wright & Associates now owns 24,751 shares of the utilities provider’s stock valued at $1,198,000 after buying an additional 493 shares during the last quarter. Schroder Investment Management Group increased its stake in UGI Corporation by 4,776.4% in the second quarter. Schroder Investment Management Group now owns 292,584 shares of the utilities provider’s stock valued at $14,179,000 after buying an additional 286,584 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in UGI Corporation by 13.2% in the second quarter. Neuberger Berman Group LLC now owns 21,764 shares of the utilities provider’s stock valued at $1,054,000 after buying an additional 2,540 shares during the last quarter. Institutional investors and hedge funds own 78.41% of the company’s stock.
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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