UGI (NYSE:UGI) Shares Gap Down to $24.56

UGI Co. (NYSE:UGIGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $24.56, but opened at $23.24. UGI shares last traded at $23.41, with a volume of 1,463,844 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UGI. Mizuho boosted their target price on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Wells Fargo & Company lowered their price objective on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. TheStreet raised UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Finally, StockNews.com raised UGI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd.

Check Out Our Latest Report on UGI

UGI Stock Performance

The company’s 50 day moving average is $24.64 and its 200 day moving average is $24.04. The firm has a market cap of $4.87 billion, a P/E ratio of -56.72 and a beta of 1.14. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21.

UGI (NYSE:UGIGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.32. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $3.07 billion. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. UGI’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. As a group, equities analysts predict that UGI Co. will post 2.92 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Friday, June 14th. UGI’s dividend payout ratio is currently -365.84%.

Institutional Investors Weigh In On UGI

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of UGI by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock valued at $661,669,000 after acquiring an additional 625,128 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in UGI by 1.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock worth $89,962,000 after purchasing an additional 45,630 shares during the last quarter. Federated Hermes Inc. lifted its holdings in UGI by 5.5% during the 4th quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock worth $61,554,000 after buying an additional 130,010 shares during the period. Norges Bank bought a new stake in shares of UGI in the 4th quarter valued at about $46,034,000. Finally, Russell Investments Group Ltd. increased its stake in shares of UGI by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock valued at $43,121,000 after buying an additional 83,219 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Company Profile

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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.

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