Shares of UGI Co. (NYSE:UGI – Get 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
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
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.
- Get a free copy of the StockNews.com research report on UGI (UGI)
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