UGI (NYSE:UGI) Shares Up 3% on Analyst Upgrade

Shares of UGI Co. (NYSE:UGIGet Rating) shot up 3% on Monday after Wells Fargo & Company raised their price target on the stock from $36.00 to $39.00. Wells Fargo & Company currently has an equal weight rating on the stock. UGI traded as high as $39.86 and last traded at $39.78. 12,922 shares were traded during mid-day trading, a decline of 99% from the average session volume of 1,479,660 shares. The stock had previously closed at $38.61.

Other equities analysts have also issued research reports about the stock. Barclays decreased their target price on shares of UGI from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th. TheStreet lowered shares of UGI from a “b-” rating to a “c+” rating in a research report on Monday, October 24th. Finally, StockNews.com began coverage on shares of UGI in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, UGI has a consensus rating of “Hold” and a consensus price target of $37.67.

Insider Transactions at UGI

In other news, CEO Roger Perreault sold 16,341 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $35.01, for a total value of $572,098.41. Following the completion of the sale, the chief executive officer now directly owns 37,560 shares of the company’s stock, valued at $1,314,975.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Roger Perreault sold 16,341 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $35.01, for a total transaction of $572,098.41. Following the transaction, the chief executive officer now owns 37,560 shares of the company’s stock, valued at $1,314,975.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Monica M. Gaudiosi sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total transaction of $2,648,250.00. Following the transaction, the vice president now directly owns 61,109 shares in the company, valued at approximately $2,157,758.79. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On UGI

Institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of UGI by 22.9% in the first quarter. BlackRock Inc. now owns 30,272,364 shares of the utilities provider’s stock worth $1,096,466,000 after acquiring an additional 5,645,809 shares during the last quarter. State Street Corp boosted its stake in UGI by 27.4% during the second quarter. State Street Corp now owns 18,374,883 shares of the utilities provider’s stock worth $715,888,000 after buying an additional 3,950,881 shares in the last quarter. LSV Asset Management boosted its stake in UGI by 73.7% during the third quarter. LSV Asset Management now owns 3,719,400 shares of the utilities provider’s stock worth $120,248,000 after buying an additional 1,577,733 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of UGI by 5.0% during the third quarter. Vanguard Group Inc. now owns 24,130,520 shares of the utilities provider’s stock valued at $780,140,000 after acquiring an additional 1,141,345 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of UGI by 87.1% during the first quarter. Invesco Ltd. now owns 1,775,061 shares of the utilities provider’s stock valued at $64,292,000 after acquiring an additional 826,434 shares during the period. Institutional investors own 81.58% of the company’s stock.

UGI Stock Performance

The company has a market capitalization of $8.58 billion, a P/E ratio of 8.23, a PEG ratio of 1.61 and a beta of 1.05. The stock has a fifty day simple moving average of $34.82 and a 200-day simple moving average of $38.49. The company has a quick ratio of 1.46, a current ratio of 1.70 and a debt-to-equity ratio of 1.10.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Thursday, December 15th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.53%. UGI’s dividend payout ratio is 29.03%.

UGI Company Profile

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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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