UGI (NYSE:UGI) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

UGI Corporation (NYSE:UGI) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.04 and traded as high as $37.76. UGI shares last traded at $37.5050, with a volume of 3,294,995 shares traded.

Analysts Set New Price Targets

UGI has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $45.00 target price on shares of UGI in a research note on Wednesday, November 19th. Wall Street Zen downgraded shares of UGI from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Zacks Research raised UGI to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UGI in a report on Friday, November 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, UGI has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

UGI Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.70 and a current ratio of 0.89. The business’s 50-day moving average is $34.49 and its 200-day moving average is $35.04. The company has a market capitalization of $8.05 billion, a PE ratio of 12.06 and a beta of 1.06.

UGI (NYSE:UGI) last announced its earnings results on Friday, November 21st. The utilities provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.21. UGI had a net margin of 9.30% and a return on equity of 15.10%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned ($1.27) earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, research analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Monday, December 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, December 15th. UGI’s dividend payout ratio is currently 48.23%.

Insider Transactions at UGI

In related news, insider Joseph L. Hartz sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $38.68, for a total value of $580,200.00. Following the transaction, the insider owned 33,492 shares in the company, valued at $1,295,470.56. The trade was a 30.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Amalgamated Bank grew its holdings in shares of UGI by 0.3% during the second quarter. Amalgamated Bank now owns 98,812 shares of the utilities provider’s stock valued at $3,599,000 after buying an additional 277 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in UGI by 1.9% in the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider’s stock worth $581,000 after acquiring an additional 323 shares during the last quarter. Belpointe Asset Management LLC lifted its position in UGI by 3.8% in the 1st quarter. Belpointe Asset Management LLC now owns 9,758 shares of the utilities provider’s stock valued at $323,000 after acquiring an additional 359 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in UGI by 4.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,544 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 385 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in UGI by 6.8% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 7,414 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 472 shares during the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

About UGI

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.