UGI (NYSE:UGI) Stock Rating Lowered by ValuEngine

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

UGI has been the subject of a number of other reports. TheStreet cut shares of UGI from a b rating to a c+ rating in a research note on Tuesday, August 6th. UBS Group reduced their target price on UGI from $60.00 to $58.00 and set a buy rating on the stock in a research note on Thursday, October 17th. Finally, Barclays reiterated a sell rating and set a $50.00 target price on shares of UGI in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $56.50.

Shares of NYSE UGI opened at $42.80 on Tuesday. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 18.77 and a beta of 0.50. UGI has a 52 week low of $40.52 and a 52 week high of $59.31. The company’s 50-day moving average price is $45.88 and its 200 day moving average price is $49.58. The company has a current ratio of 0.77, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51.

UGI (NYSE:UGI) last announced its earnings results on Monday, November 11th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). UGI had a return on equity of 8.83% and a net margin of 3.50%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $2.74 EPS. The business’s revenue was down 9.6% on a year-over-year basis. As a group, research analysts expect that UGI will post 2.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, December 13th. UGI’s payout ratio is 57.02%.

In other UGI news, Director Frank S. Hermance purchased 93,731 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $42.48 per share, for a total transaction of $3,981,692.88. Following the acquisition, the director now owns 343,731 shares of the company’s stock, valued at approximately $14,601,692.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roger Perreault purchased 2,357 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of $42.45 per share, with a total value of $100,054.65. Following the completion of the acquisition, the executive vice president now directly owns 25,481 shares in the company, valued at approximately $1,081,668.45. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Signaturefd LLC lifted its position in UGI by 214.8% during the third quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock worth $29,000 after buying an additional 391 shares during the period. Atwater Malick LLC purchased a new stake in UGI in the 3rd quarter valued at about $31,000. Liberty Wealth Management LLC purchased a new stake in UGI in the 3rd quarter valued at about $31,000. Financial Architects Inc increased its stake in shares of UGI by 134.9% during the 3rd quarter. Financial Architects Inc now owns 754 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 433 shares during the last quarter. Finally, Bogart Wealth LLC purchased a new position in shares of UGI during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 91.10% of the company’s stock.

UGI Company Profile

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.

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