UGI (NYSE:UGI) Lowered to Hold at StockNews.com

StockNews.com lowered shares of UGI (NYSE:UGI) from a buy rating to a hold rating in a research report released on Tuesday.

Several other equities research analysts have also recently issued reports on the stock. Mizuho raised their target price on shares of UGI from $26.00 to $27.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. Wells Fargo & Company cut their price objective on UGI from $28.00 to $27.00 and set an equal weight rating for the company in a report on Friday, May 3rd.

UGI Stock Down 3.9 %

UGI stock opened at $23.42 on Tuesday. UGI has a 12 month low of $20.19 and a 12 month high of $26.15. The stock has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $24.07. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of -57.12 and a beta of 1.13.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.73 billion. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The firm’s revenue was down 16.8% compared to the same quarter last year. Equities analysts predict that UGI will post 2.92 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.40%. UGI’s dividend payout ratio is currently -365.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. American National Bank bought a new position in shares of UGI during the 1st quarter valued at approximately $27,000. Whittier Trust Co. raised its position in shares of UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 598 shares during the period. Concord Wealth Partners lifted its stake in shares of UGI by 100.0% during the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after buying an additional 637 shares in the last quarter. GAMMA Investing LLC bought a new position in UGI in the 4th quarter worth $32,000. Finally, Hantz Financial Services Inc. purchased a new stake in UGI in the 2nd quarter worth $32,000. Hedge funds and other institutional investors 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.