Mizuho Boosts UGI (NYSE:UGI) Price Target to $27.00

UGI (NYSE:UGI) had its price objective boosted by Mizuho from $26.00 to $27.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Mizuho currently has a neutral rating on the utilities provider’s stock.

A number of other equities research analysts have also issued reports on UGI. StockNews.com upgraded UGI from a hold rating to a buy rating in a research report on Monday, April 8th. Wells Fargo & Company lowered UGI from an overweight rating to an equal weight rating and lifted their price target for the stock from $27.00 to $28.00 in a report on Thursday, March 14th. Finally, TheStreet upgraded shares of UGI from a d+ rating to a c- rating in a research report on Wednesday, February 21st.

UGI Stock Up 8.2 %

NYSE UGI opened at $25.74 on Wednesday. The business has a fifty day moving average price of $24.38 and a 200 day moving average price of $23.20. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98. The company has a market cap of $5.39 billion, a P/E ratio of -11.70 and a beta of 1.16. UGI has a one year low of $20.19 and a one year high of $35.18.

UGI (NYSE:UGI) last released its earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. Research analysts anticipate that UGI will post 2.9 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.50 annualized dividend and a yield of 5.83%. UGI’s dividend payout ratio (DPR) is -68.18%.

Hedge Funds Weigh In On UGI

Large investors have recently modified their holdings of the business. Stonebridge Capital Advisors LLC raised its holdings in UGI by 165.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock valued at $26,000 after buying an additional 430 shares during the period. American National Bank acquired a new position in shares of UGI in the 1st quarter worth approximately $27,000. ICA Group Wealth Management LLC purchased a new position in shares of UGI during the 4th quarter worth approximately $29,000. Steward Partners Investment Advisory LLC increased its holdings in UGI by 66.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,226 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 491 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in UGI in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Company Profile

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.