UGI Corp (NYSE:UGI) – Analysts at Jefferies Financial Group decreased their FY2019 EPS estimates for UGI in a research note issued on Monday, July 15th. Jefferies Financial Group analyst C. Sighinolfi now expects that the utilities provider will post earnings per share of $2.36 for the year, down from their prior estimate of $2.49. Jefferies Financial Group has a “Buy” rating and a $60.00 price objective on the stock. Jefferies Financial Group also issued estimates for UGI’s Q2 2020 earnings at $2.04 EPS, Q3 2020 earnings at $0.07 EPS, FY2021 earnings at $3.24 EPS, FY2022 earnings at $3.41 EPS and FY2023 earnings at $3.59 EPS.
Several other research analysts also recently commented on the company. Barclays reduced their price objective on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. Bank of America increased their price objective on Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. Finally, Zacks Investment Research downgraded Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $58.00.
NYSE UGI opened at $51.96 on Tuesday. The company has a fifty day moving average price of $52.87. UGI has a one year low of $50.31 and a one year high of $59.31. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. The firm has a market cap of $9.17 billion, a P/E ratio of 18.96, a P/E/G ratio of 2.79 and a beta of 0.60.
UGI (NYSE:UGI) last posted its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.13). UGI had a net margin of 5.14% and a return on equity of 10.31%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion.
Several institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG increased its stake in shares of UGI by 2.6% in the 4th quarter. Deutsche Bank AG now owns 7,223,884 shares of the utilities provider’s stock worth $385,390,000 after acquiring an additional 182,204 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of UGI by 325.9% in the 1st quarter. Commonwealth Bank of Australia now owns 2,729,515 shares of the utilities provider’s stock worth $151,254,000 after acquiring an additional 2,088,607 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of UGI by 195.6% in the 4th quarter. APG Asset Management N.V. now owns 2,555,155 shares of the utilities provider’s stock worth $119,247,000 after acquiring an additional 1,690,800 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of UGI by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,278,576 shares of the utilities provider’s stock worth $121,505,000 after acquiring an additional 41,440 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of UGI by 9.7% in the 1st quarter. Northern Trust Corp now owns 1,882,867 shares of the utilities provider’s stock worth $104,349,000 after acquiring an additional 165,772 shares during the last quarter. 79.60% of the stock is owned by institutional investors and hedge funds.
In other UGI news, Director Anne Pol sold 6,750 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.92, for a total value of $357,210.00. Following the completion of the sale, the director now directly owns 7,952 shares of the company’s stock, valued at approximately $420,819.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank S. Hermance bought 100,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was bought at an average cost of $54.10 per share, with a total value of $5,410,000.00. Following the completion of the purchase, the director now directly owns 250,000 shares in the company, valued at $13,525,000. The disclosure for this purchase can be found here. Over the last three months, insiders sold 84,671 shares of company stock valued at $4,545,613. 2.40% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a $0.30 dividend. This is an increase from UGI’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, June 13th. UGI’s dividend payout ratio is currently 43.80%.
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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