UGI (NYSE:UGI) Downgraded by Wells Fargo & Company to “Equal Weight”

Wells Fargo & Company cut shares of UGI (NYSE:UGIFree 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

Shares of NYSE:UGI opened at $24.26 on Thursday. The business’s 50 day simple moving average is $23.93 and its 200-day simple moving average is $23.16. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of -11.03, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79. UGI has a 12 month low of $20.19 and a 12 month high of $35.87.

UGI (NYSE:UGIGet 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

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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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