UGI (NYSE:UGI) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of UGI (NYSE:UGIFree Report) from a buy rating to a hold rating in a research note published on Thursday morning.

Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of UGI from a d+ rating to a c- rating in a research report on Wednesday, February 21st. Mizuho increased their target price on shares of UGI from $26.00 to $27.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company lowered shares of UGI from an overweight rating to an equal weight rating and increased their price objective for the stock from $27.00 to $28.00 in a report on Thursday, March 14th.

View Our Latest Stock Analysis on UGI

UGI Trading Up 8.2 %

Shares of UGI stock opened at $25.74 on Thursday. The stock has a market capitalization of $5.39 billion, a P/E ratio of -11.70 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The company has a 50-day simple moving average of $24.38 and a 200 day simple moving average of $23.23. UGI has a 12-month low of $20.19 and a 12-month high of $35.18.

UGI (NYSE:UGIGet Free Report) last announced 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 analysts’ expectations of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. Research analysts expect that UGI will post 2.9 earnings per share for the current fiscal year.

UGI Announces Dividend

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

Institutional Investors Weigh In On UGI

A number of hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Capital Advisors LLC boosted its stake in shares of 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 purchasing an additional 430 shares during the last quarter. American National Bank bought a new position in shares of UGI in the 1st quarter valued at about $27,000. ICA Group Wealth Management LLC bought a new position in shares of UGI in the 4th quarter valued at about $29,000. Steward Partners Investment Advisory LLC boosted its stake in shares of 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 bought a new position in shares of UGI in the 4th quarter valued at about $32,000. Institutional investors own 82.34% of the company’s stock.

UGI Company Profile

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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.

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