UBS Group Cuts UGI (NYSE:UGI) Price Target to $37.00

UGI (NYSE:UGI) had its price target reduced by UBS Group from $45.00 to $37.00 in a report issued on Monday, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the utilities provider’s stock.

Several other research analysts have also issued reports on UGI. ValuEngine lowered UGI from a buy rating to a hold rating in a research report on Tuesday, December 3rd. Zacks Investment Research upgraded UGI from a sell rating to a hold rating and set a $44.00 target price for the company in a research report on Wednesday, February 19th. Barclays restated a sell rating and set a $29.00 target price on shares of UGI in a research report on Wednesday, March 25th. Finally, Janney Montgomery Scott restated a buy rating on shares of UGI in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. UGI currently has an average rating of Hold and an average price target of $45.60.

UGI traded up $1.50 on Monday, hitting $26.14. The company had a trading volume of 2,207,400 shares, compared to its average volume of 1,762,070. The company has a market cap of $5.33 billion, a PE ratio of 12.45 and a beta of 0.92. UGI has a 12-month low of $21.75 and a 12-month high of $55.17. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 1.46. The business’s fifty day simple moving average is $33.94 and its 200 day simple moving average is $42.76.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.15. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.26 billion. UGI had a return on equity of 11.37% and a net margin of 5.67%. The firm’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.81 earnings per share. On average, analysts anticipate that UGI will post 2.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 4.97%. The ex-dividend date was Friday, March 13th. UGI’s dividend payout ratio is presently 57.02%.

Several institutional investors have recently bought and sold shares of UGI. State of Michigan Retirement System raised its stake in shares of UGI by 3,301.8% during the fourth quarter. State of Michigan Retirement System now owns 2,061,500 shares of the utilities provider’s stock valued at $93,097,000 after acquiring an additional 2,000,900 shares in the last quarter. Norges Bank bought a new stake in shares of UGI during the fourth quarter valued at approximately $58,617,000. State Street Corp raised its stake in shares of UGI by 11.4% during the third quarter. State Street Corp now owns 10,912,281 shares of the utilities provider’s stock valued at $551,807,000 after acquiring an additional 1,118,296 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of UGI by 39.3% during the fourth quarter. Prudential Financial Inc. now owns 3,816,687 shares of the utilities provider’s stock valued at $172,362,000 after acquiring an additional 1,076,122 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of UGI by 30.9% during the fourth quarter. First Eagle Investment Management LLC now owns 4,437,735 shares of the utilities provider’s stock valued at $200,408,000 after acquiring an additional 1,048,441 shares in the last quarter. 79.35% of the stock is owned by hedge funds and other institutional investors.

About UGI

UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

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