UGI (NYSE:UGI) Price Target Raised to $27.00 at Wells Fargo & Company

UGI (NYSE:UGI) had its price target increased by Wells Fargo & Company from $26.00 to $27.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

Separately, StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

UGI Stock Performance

Shares of UGI stock opened at $25.15 on Wednesday. The stock has a market capitalization of $5.40 billion, a P/E ratio of 8.06 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The firm’s 50 day moving average is $24.32 and its 200 day moving average is $24.16. UGI has a 12 month low of $20.19 and a 12 month high of $26.15.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. The firm’s revenue was down 16.8% compared to the same quarter last year. On average, sell-side analysts anticipate that UGI will post 2.93 earnings per share for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Monday, September 16th. UGI’s dividend payout ratio (DPR) is presently 48.08%.

Institutional Trading of UGI

A number of hedge funds and other institutional investors have recently bought and sold shares of UGI. Jupiter Asset Management Ltd. bought a new stake in UGI during the 2nd quarter worth approximately $53,371,000. ProShare Advisors LLC increased its holdings in shares of UGI by 84.9% in the 2nd quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after buying an additional 1,122,766 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of UGI by 112.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock worth $46,383,000 after buying an additional 1,073,013 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of UGI by 28.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock worth $81,014,000 after buying an additional 788,457 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of UGI by 135.7% in the 2nd quarter. Millennium Management LLC now owns 1,096,382 shares of the utilities provider’s stock worth $25,107,000 after buying an additional 631,124 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

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.