UGI (NYSE:UGI) Sets New 12-Month High – Here’s What Happened

UGI Co. (NYSE:UGI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.49 and last traded at $30.32, with a volume of 986 shares traded. The stock had previously closed at $30.09.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Jefferies Financial Group started coverage on shares of UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UGI presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Price Performance

The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 24.52 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. The business’s 50-day simple moving average is $27.75 and its two-hundred day simple moving average is $25.46.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were given a dividend of $0.375 per share. The ex-dividend date was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.93%. UGI’s dividend payout ratio (DPR) is currently 120.97%.

Institutional Investors Weigh In On UGI

A number of hedge funds have recently added to or reduced their stakes in UGI. Concord Wealth Partners increased its stake in shares of UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 637 shares in the last quarter. UMB Bank n.a. grew its holdings in UGI by 67.1% in the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 540 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in UGI in the second quarter valued at $40,000. Farther Finance Advisors LLC raised its holdings in shares of UGI by 189.9% during the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 1,358 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in shares of UGI during the 3rd quarter worth about $55,000. 82.34% of the stock is currently owned by 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.