UGI (NYSE:UGI) Hits New 1-Year High – Here’s What Happened

UGI Co. (NYSE:UGI) shares reached a new 52-week high on Monday . The stock traded as high as $31.13 and last traded at $31.04, with a volume of 276381 shares. The stock had previously closed at $30.73.

Analysts Set New Price Targets

Several analysts have issued reports on UGI shares. Jefferies Financial Group assumed coverage on UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Mizuho raised UGI from a “neutral” rating to an “outperform” rating and upped their target price for the company from $27.00 to $30.00 in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.33.

UGI Stock Up 0.9 %

The firm has a market cap of $6.73 billion, a P/E ratio of 25.28 and a beta of 1.21. The firm’s 50-day moving average price is $29.00 and its 200 day moving average price is $26.07. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a return on equity of 14.64% and a net margin of 3.73%. As a group, research analysts expect that UGI Co. will post 3 earnings per share for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.78%. UGI’s payout ratio is presently 120.97%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. S.A. Mason LLC acquired a new position in UGI in the 4th quarter worth approximately $27,000. Concord Wealth Partners lifted its holdings in shares of UGI by 100.0% in the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of UGI in the fourth quarter worth $36,000. UMB Bank n.a. grew its holdings in shares of UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after buying an additional 540 shares in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in UGI during the fourth quarter valued at $48,000. 82.34% of the stock is owned by hedge funds and other 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.