UGI (NYSE:UGI) Price Target Raised to $27.00

UGI (NYSE:UGI) had its price objective increased by Mizuho from $26.00 to $27.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the utilities provider’s stock.

Several other equities analysts have also commented on the company. TheStreet upgraded UGI from a d+ rating to a c- rating in a research report on Wednesday, February 21st. StockNews.com upgraded UGI from a hold rating to a buy rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company lowered UGI from an overweight rating to an equal weight rating and increased their price objective for the company from $27.00 to $28.00 in a research report on Thursday, March 14th.

UGI Price Performance

Shares of NYSE UGI opened at $23.70 on Wednesday. The firm has a market capitalization of $4.97 billion, a P/E ratio of -10.77 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The stock’s 50-day simple moving average is $24.33 and its two-hundred day simple moving average is $23.17. UGI has a twelve month low of $20.19 and a twelve month high of $35.18.

UGI (NYSE:UGI) last announced its earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.98 billion. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. As a group, equities analysts anticipate that UGI will post 2.9 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.33%. UGI’s dividend payout ratio (DPR) is presently -68.18%.

Hedge Funds Weigh In On UGI

Several institutional investors and hedge funds have recently bought and sold shares of UGI. Moneta Group Investment Advisors LLC bought a new position in UGI during the 4th quarter worth approximately $203,745,000. Mitsubishi UFJ Trust & Banking Corp grew its position in UGI by 503.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock worth $66,810,000 after acquiring an additional 2,423,713 shares during the last quarter. Norges Bank bought a new position in UGI during the 4th quarter worth approximately $46,034,000. BlackRock Inc. grew its position in UGI by 3.4% during the 1st quarter. BlackRock Inc. now owns 35,154,665 shares of the utilities provider’s stock worth $1,221,976,000 after acquiring an additional 1,150,654 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in UGI by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,130,520 shares of the utilities provider’s stock worth $780,140,000 after acquiring an additional 1,141,345 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

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.