UGI (NYSE:UGI) Shares Gap Down to $25.89

UGI Co. (NYSE:UGI) gapped down before the market opened on Thursday . The stock had previously closed at $25.89, but opened at $24.85. UGI shares last traded at $24.25, with a volume of 814,098 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho raised their price objective on UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com raised UGI from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Company lowered their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st.

UGI Stock Up 0.3 %

The firm has a 50 day moving average price of $24.63 and a 200-day moving average price of $23.48. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. UGI had a positive return on equity of 16.18% and a negative net margin of 0.89%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the business earned $1.68 EPS. The firm’s revenue was down 20.6% compared to the same quarter last year. On average, equities research analysts forecast that UGI Co. will post 2.9 earnings per share for the current year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Friday, June 14th. UGI’s payout ratio is -365.84%.

Institutional Trading of UGI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stolper Co grew its holdings in UGI by 0.5% in the 1st quarter. Stolper Co now owns 78,764 shares of the utilities provider’s stock valued at $1,933,000 after buying an additional 430 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of UGI by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider’s stock valued at $2,111,000 after purchasing an additional 470 shares during the period. Applied Finance Capital Management LLC increased its position in shares of UGI by 4.2% during the fourth quarter. Applied Finance Capital Management LLC now owns 12,583 shares of the utilities provider’s stock valued at $310,000 after purchasing an additional 503 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of UGI by 2.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 21,623 shares of the utilities provider’s stock valued at $497,000 after purchasing an additional 526 shares during the period. Finally, Jacobi Capital Management LLC increased its position in shares of UGI by 1.9% during the third quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 621 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

About UGI

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.