UGI Corp (UGI) Short Interest Update

UGI Corp (NYSE:UGI) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 5,062,616 shares, a growth of 69.3% from the March 29th total of 2,990,025 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 2,173,178 shares, the short-interest ratio is presently 2.3 days.

A number of equities research analysts have weighed in on UGI shares. ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. UBS Group upgraded shares of UGI from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, February 25th. Bank of America upgraded shares of UGI from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. Barclays reiterated a “sell” rating and set a $51.00 price target on shares of UGI in a research note on Thursday, April 4th. Finally, Jefferies Financial Group upgraded shares of UGI from a “hold” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $60.00 in a research note on Friday, April 5th. They noted that the move was a valuation call. 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. The company presently has a consensus rating of “Hold” and a consensus price target of $57.20.

UGI opened at $54.71 on Friday. UGI has a fifty-two week low of $47.99 and a fifty-two week high of $59.31. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.89 and a current ratio of 1.03. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60.

UGI (NYSE:UGI) last posted its quarterly earnings results on Tuesday, February 5th. The utilities provider reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.31). UGI had a return on equity of 11.30% and a net margin of 7.10%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that UGI will post 2.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, June 13th. This is an increase from UGI’s previous quarterly dividend of $0.26. UGI’s payout ratio is currently 37.96%.

Several large investors have recently modified their holdings of UGI. Oregon Public Employees Retirement Fund boosted its stake in shares of UGI by 5,235.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,630,734 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 3,562,679 shares in the last quarter. APG Asset Management N.V. boosted 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 valued at $119,247,000 after purchasing an additional 1,690,800 shares in the last quarter. Norges Bank acquired a new stake in shares of UGI in the 4th quarter valued at $80,030,000. Federated Investors Inc. PA boosted its stake in shares of UGI by 739.0% in the 3rd quarter. Federated Investors Inc. PA now owns 680,309 shares of the utilities provider’s stock valued at $37,743,000 after purchasing an additional 599,223 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of UGI by 46.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,515,938 shares of the utilities provider’s stock valued at $84,013,000 after purchasing an additional 481,422 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

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About UGI

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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