UGI (NYSE:UGI) Hits New 12-Month Low at $49.54

UGI Corp (NYSE:UGI)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $49.54 and last traded at $49.54, with a volume of 31883 shares traded. The stock had previously closed at $51.16.

Several research firms have issued reports on UGI. ValuEngine downgraded UGI from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. UBS Group set a $63.00 price objective on UGI and gave the stock a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded UGI from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Barclays reiterated a “sell” rating and issued a $52.00 price objective on shares of UGI in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $58.25.

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 $8.91 billion, a P/E ratio of 18.04, a PEG ratio of 2.73 and a beta of 0.59. The company has a 50-day simple moving average of $52.19.

UGI (NYSE:UGI) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.13). UGI had a return on equity of 10.31% and a net margin of 5.14%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equities research analysts forecast that UGI Corp will post 2.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 9th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, August 8th. This is a boost from UGI’s previous quarterly dividend of $0.30. UGI’s dividend payout ratio is currently 43.80%.

In other news, Director Frank S. Hermance bought 100,000 shares of UGI stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John L. Walsh sold 50,000 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $54.19, for a total value of $2,709,500.00. Following the completion of the transaction, the chief executive officer now directly owns 502,226 shares in the company, valued at approximately $27,215,626.94. The disclosure for this sale can be found here. In the last three months, insiders sold 84,671 shares of company stock worth $4,545,613. 2.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bogart Wealth LLC bought a new position in UGI in the first quarter valued at $28,000. FinTrust Capital Advisors LLC bought a new position in UGI in the first quarter valued at $28,000. Meridian Wealth Management LLC bought a new position in UGI in the first quarter valued at $33,000. Stone House Investment Management LLC bought a new position in UGI in the first quarter valued at $39,000. Finally, FNY Investment Advisers LLC increased its stake in UGI by 57.8% in the first quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 286 shares during the last quarter. 79.47% of the stock is currently owned by institutional investors and hedge funds.

UGI Company Profile (NYSE: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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