Wells Fargo & Company cut shares of UGI (NYSE:UGI – Free Report) from an overweight rating to an equal weight rating in a research note released on Thursday morning, Marketbeat Ratings reports. They currently have $28.00 price objective on the utilities provider’s stock, up from their previous price objective of $27.00.
Several other analysts also recently issued reports on the company. Mizuho lowered their price target on UGI from $29.00 to $26.00 and set a neutral rating for the company in a report on Thursday, January 18th. StockNews.com upgraded shares of UGI from a sell rating to a hold rating in a research note on Thursday, November 23rd. Finally, TheStreet upgraded shares of UGI from a d+ rating to a c- rating in a research note on Wednesday, February 21st.
Get Our Latest Stock Analysis on UGI
UGI Price Performance
UGI (NYSE:UGI – Get Free Report) last posted its earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.98 billion. As a group, equities analysts forecast that UGI will post 2.86 earnings per share for the current fiscal year.
UGI Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.18%. UGI’s dividend payout ratio is presently -68.18%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Stonebridge Capital Advisors LLC increased its stake in shares of UGI by 165.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 430 shares during the period. ICA Group Wealth Management LLC acquired a new position in UGI in the fourth quarter worth approximately $29,000. Steward Partners Investment Advisory LLC grew its position in UGI by 66.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,226 shares of the utilities provider’s stock worth $30,000 after buying an additional 491 shares during the last quarter. GAMMA Investing LLC acquired a new position in UGI in the 4th quarter worth approximately $32,000. Finally, Rockefeller Capital Management L.P. boosted its stake in UGI by 1,379.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,346 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 1,255 shares during the period. Institutional investors and hedge funds own 81.53% 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.
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