UGI Co. (NYSE:UGI) Given Average Recommendation of “Hold” by Brokerages

Shares of UGI Co. (NYSE:UGIGet Rating) have been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, reports. Four investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $40.75.

A number of equities analysts have recently commented on UGI shares. Bank of America lowered UGI from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $38.00 in a research note on Monday, March 7th. TheStreet lowered UGI from a “b” rating to a “c+” rating in a research note on Monday, February 7th. Zacks Investment Research raised UGI from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Wednesday, May 11th. Barclays reduced their target price on UGI from $45.00 to $40.00 in a report on Tuesday, March 22nd. Finally, raised UGI from a “sell” rating to a “hold” rating in a report on Saturday, May 14th.

A number of large investors have recently modified their holdings of UGI. Newbridge Financial Services Group Inc. bought a new position in shares of UGI during the fourth quarter worth approximately $26,000. Financial Advantage Inc. acquired a new position in shares of UGI during the fourth quarter worth $29,000. UMB Bank N A MO acquired a new position in shares of UGI during the fourth quarter worth $34,000. Tobam lifted its holdings in shares of UGI by 989.9% during the first quarter. Tobam now owns 752 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 683 shares during the period. Finally, Huntington National Bank acquired a new position in UGI in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Shares of NYSE:UGI opened at $40.04 on Friday. UGI has a fifty-two week low of $33.04 and a fifty-two week high of $48.55. The business has a 50-day moving average of $36.49 and a two-hundred day moving average of $40.66. The stock has a market capitalization of $8.41 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 1.50.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be issued a $0.36 dividend. This is a boost from UGI’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.60%. UGI’s dividend payout ratio (DPR) is presently 19.71%.

UGI Company Profile (Get Rating)

UGI Corporation 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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.

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