UGI Corp (NYSE:UGI) – Stock analysts at Jefferies Financial Group issued their FY2023 EPS estimates for shares of UGI in a report issued on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi forecasts that the utilities provider will post earnings per share of $3.50 for the year. Jefferies Financial Group currently has a “Hold” rating and a $54.00 target price on the stock.
A number of other equities research analysts also recently weighed in on the company. Barclays set a $53.00 price objective on UGI and gave the company a “sell” rating in a research report on Friday, October 12th. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Bank of America increased their price target on UGI from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Finally, Zacks Investment Research cut UGI from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $52.20.
UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). UGI had a net margin of 11.09% and a return on equity of 11.89%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $0.09 EPS. UGI’s revenue for the quarter was up 24.9% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of the stock. Andra AP fonden grew its holdings in UGI by 42.9% during the third quarter. Andra AP fonden now owns 158,000 shares of the utilities provider’s stock worth $8,766,000 after acquiring an additional 47,400 shares during the period. First Hawaiian Bank acquired a new stake in UGI during the third quarter worth about $648,000. Bank of Montreal Can grew its holdings in UGI by 55.2% during the third quarter. Bank of Montreal Can now owns 425,814 shares of the utilities provider’s stock worth $23,624,000 after acquiring an additional 151,422 shares during the period. BLB&B Advisors LLC acquired a new stake in UGI during the third quarter worth about $205,000. Finally, KAMES CAPITAL plc acquired a new stake in UGI during the third quarter worth about $1,068,000. 78.66% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Joseph L. Hartz sold 18,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $55.51, for a total value of $999,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.36% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, September 13th. UGI’s payout ratio is 45.41%.
UGI Company Profile
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
See Also: Closed-End Mutual Funds
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.