UGI (NYSE:UGI) Given New $29.00 Price Target at Mizuho

UGI (NYSE:UGIFree Report) had its price target lowered by Mizuho from $33.00 to $29.00 in a report issued on Monday, reports. Mizuho currently has a neutral rating on the utilities provider’s stock.

A number of other research analysts also recently weighed in on UGI. TheStreet downgraded shares of UGI from a c rating to a d+ rating in a research report on Friday, August 11th. Wells Fargo & Company upgraded UGI from an equal weight rating to an overweight rating and dropped their price objective for the company from $28.00 to $27.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Finally, lowered UGI from a hold rating to a sell rating in a research note on Monday, September 4th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, UGI presently has a consensus rating of Hold and an average price target of $33.50.

Get Our Latest Analysis on UGI

UGI Trading Down 1.1 %

NYSE UGI opened at $23.80 on Monday. The business’s fifty day moving average is $25.06 and its 200-day moving average is $29.41. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.98 and a quick ratio of 0.78. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of -3.57, a PEG ratio of 1.09 and a beta of 1.06. UGI has a one year low of $22.44 and a one year high of $43.19.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Thursday, September 14th. UGI’s payout ratio is -22.52%.

Institutional Trading of UGI

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stonebridge Capital Advisors LLC boosted its holdings in UGI by 165.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 430 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of UGI in the first quarter worth $25,000. BerganKDV Wealth Management LLC raised its position in shares of UGI by 189.8% in the first quarter. BerganKDV Wealth Management LLC now owns 742 shares of the utilities provider’s stock worth $26,000 after buying an additional 486 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in UGI in the 4th quarter worth about $28,000. Finally, ICA Group Wealth Management LLC bought a new position in UGI in the 4th quarter worth about $29,000. Institutional investors own 81.53% of the company’s stock.

About UGI

(Get Free Report)

UGI Corporation, through 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.

Further Reading

Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with's FREE daily email newsletter.