Zacks Investment Research Lowers UGI (UGI) to Hold

Zacks Investment Research lowered shares of UGI (NYSE:UGI) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “UGI Corporation is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services. They are a domestic and international retail distributor of propane and butane (which are liquefied petroleum gases (LPG)); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services. “

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Other analysts also recently issued research reports about the company. Bank of America reaffirmed a buy rating on shares of UGI in a research report on Tuesday, February 27th. Citigroup lowered their target price on UGI from $49.00 to $48.00 and set a neutral rating on the stock in a research report on Tuesday, March 27th. Finally, Barclays reaffirmed a sell rating and issued a $47.00 target price on shares of UGI in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. UGI currently has a consensus rating of Hold and a consensus target price of $47.50.

UGI opened at $44.61 on Tuesday. UGI has a 1 year low of $42.51 and a 1 year high of $52.00. The stock has a market capitalization of $7,681.83, a price-to-earnings ratio of 18.58, a PEG ratio of 2.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.98.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.08. UGI had a return on equity of 10.88% and a net margin of 8.71%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. analysts expect that UGI will post 2.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, March 14th. UGI’s dividend payout ratio is currently 43.67%.

In related news, insider Roger Perreault bought 2,270 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of $43.97 per share, with a total value of $99,811.90. Following the completion of the transaction, the insider now owns 21,049 shares in the company, valued at $925,524.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John L. Walsh sold 25,000 shares of UGI stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $43.84, for a total value of $1,096,000.00. Following the completion of the sale, the chief executive officer now directly owns 468,166 shares in the company, valued at approximately $20,524,397.44. The disclosure for this sale can be found here. 2.36% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in UGI during the fourth quarter worth approximately $123,000. Tower Research Capital LLC TRC increased its position in UGI by 133.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,656 shares of the utilities provider’s stock worth $172,000 after buying an additional 2,090 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in UGI by 41.6% during the fourth quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock worth $198,000 after buying an additional 1,242 shares during the last quarter. Unio Capital LLC acquired a new position in UGI during the fourth quarter worth approximately $216,000. Finally, Acropolis Investment Management LLC acquired a new position in UGI during the fourth quarter worth approximately $248,000. 78.14% of the stock is currently owned by institutional investors and hedge funds.

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UGI Company Profile

UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.

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