UGI (NYSE:UGI) Sets New 12-Month High – Here’s What Happened

UGI Co. (NYSE:UGI) shares hit a new 52-week high during trading on Friday . The stock traded as high as $33.58 and last traded at $33.14, with a volume of 214000 shares traded. The stock had previously closed at $32.75.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UGI shares. Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and increased their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th.

UGI Stock Performance

The stock has a 50-day simple moving average of $29.88 and a 200 day simple moving average of $26.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The company has a market capitalization of $7.11 billion, a PE ratio of 13.04, a P/E/G ratio of 2.26 and a beta of 1.21.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Equities analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s payout ratio is 59.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. lifted its holdings in UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock worth $25,000 after buying an additional 611 shares during the last quarter. Altshuler Shaham Ltd bought a new position in UGI during the 4th quarter worth approximately $25,000. GeoWealth Management LLC acquired a new stake in shares of UGI during the 4th quarter worth approximately $27,000. S.A. Mason LLC acquired a new stake in shares of UGI during the 4th quarter worth approximately $27,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in UGI in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Company Profile

UGI Corporation, together with 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.