UGI Co. (NYSE:UGI) Given Consensus Recommendation of “Reduce” by Brokerages

Posted by Defense World Staff on Aug 29th, 2023

UGI Co. (NYSE:UGI – Get Free Report) has earned a consensus recommendation of “Reduce” from the four ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.50.

A number of brokerages recently weighed in on UGI. StockNews.com downgraded shares of UGI from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company raised shares of UGI from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $28.00 to $27.00 in a research note on Monday. They noted that the move was a valuation call. Mizuho lowered their target price on shares of UGI from $38.00 to $33.00 in a research note on Wednesday, June 21st. Finally, TheStreet downgraded shares of UGI from a “c” rating to a “d+” rating in a research note on Friday, August 11th.

View Our Latest Research Report on UGI

UGI Trading Up 1.8 %

Shares of UGI stock opened at $23.12 on Tuesday. UGI has a 12-month low of $22.44 and a 12-month high of $43.19. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -3.47, a PEG ratio of 1.03 and a beta of 1.06. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average price is $25.56 and its 200-day moving average price is $30.43.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date is Thursday, September 14th. UGI’s dividend payout ratio (DPR) is currently -22.52%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Moors & Cabot Inc. boosted its position in shares of UGI by 3.7% during the 4th quarter. Moors & Cabot Inc. now owns 7,087 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 250 shares during the last quarter. Allstate Corp boosted its position in shares of UGI by 1.9% during the 1st quarter. Allstate Corp now owns 16,470 shares of the utilities provider’s stock valued at $597,000 after acquiring an additional 313 shares during the last quarter. Centennial Wealth Advisory LLC lifted its position in UGI by 3.3% in the first quarter. Centennial Wealth Advisory LLC now owns 9,901 shares of the utilities provider’s stock worth $344,000 after buying an additional 320 shares during the last quarter. Eaton Vance Management lifted its position in UGI by 0.4% in the first quarter. Eaton Vance Management now owns 82,676 shares of the utilities provider’s stock worth $2,995,000 after buying an additional 344 shares during the last quarter. Finally, Lindenwold Advisors INC lifted its position in UGI by 4.0% in the fourth quarter. Lindenwold Advisors INC now owns 9,117 shares of the utilities provider’s stock worth $338,000 after buying an additional 347 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

About UGI

(Get Free Report

UGI Corporation, through 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.