ValuEngine Downgrades UGI (NYSE:UGI) to Hold

ValuEngine cut shares of UGI (NYSE:UGI) from a buy rating to a hold rating in a report issued on Friday morning, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Bank of America upgraded UGI from a neutral rating to a buy rating and set a $58.00 price target for the company in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. UBS Group upgraded UGI from a neutral rating to a buy rating and set a $63.00 price target for the company in a research note on Monday, February 25th. Jefferies Financial Group upgraded UGI from a hold rating to a buy rating and boosted their price target for the company from $54.00 to $60.00 in a research note on Friday, April 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded UGI from a sell rating to a hold rating in a research note on Monday, April 8th. Finally, Barclays reiterated a sell rating and set a $51.00 price objective on shares of UGI in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $58.00.

UGI stock opened at $53.85 on Friday. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.72 and a beta of 0.62. UGI has a 52-week low of $50.31 and a 52-week high of $59.31. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.99.

UGI (NYSE:UGI) last released its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.13). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. UGI had a net margin of 5.14% and a return on equity of 10.31%. On average, sell-side analysts expect that UGI will post 2.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from UGI’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.23%. UGI’s payout ratio is 43.80%.

In related news, Director M Shawn Bort sold 25,500 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $52.97, for a total transaction of $1,350,735.00. Following the completion of the transaction, the director now directly owns 27,095 shares in the company, valued at approximately $1,435,222.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John L. Walsh sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $54.19, for a total value of $2,709,500.00. Following the transaction, the chief executive officer now owns 502,226 shares of the company’s stock, valued at $27,215,626.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,671 shares of company stock valued at $4,545,613. 2.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in UGI. Bogart Wealth LLC purchased a new position in UGI in the 1st quarter worth approximately $28,000. FinTrust Capital Advisors LLC purchased a new position in UGI in the 1st quarter worth approximately $28,000. Meridian Wealth Management LLC purchased a new position in UGI in the 1st quarter worth approximately $33,000. Stone House Investment Management LLC purchased a new position in UGI in the 1st quarter worth approximately $39,000. Finally, FNY Investment Advisers LLC lifted its holdings in UGI by 57.8% in the 1st quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 79.60% of the company’s stock.

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.

See Also: Dividend Yield

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.