Zacks Investment Research Lowers UGI (UGI) to Hold

Zacks Investment Research downgraded shares of UGI (NYSE:UGI) from a buy rating to a hold rating in a research report sent to investors on Friday 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. “

Separately, Barclays reduced their target price on UGI from $48.00 to $47.00 and set an underweight rating for the company in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $48.67.

UGI (NYSE UGI) traded down $0.26 during trading on Friday, hitting $47.34. The stock had a trading volume of 692,754 shares, compared to its average volume of 890,965. The stock has a market cap of $8,200.00, a PE ratio of 19.24 and a beta of 0.68. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 1.00. UGI has a 12 month low of $45.04 and a 12 month high of $52.00.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, December 14th. UGI’s dividend payout ratio (DPR) is currently 40.65%.

Several institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in shares of UGI by 12.2% during the 3rd quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock valued at $104,248,000 after buying an additional 241,470 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of UGI by 8.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 528,435 shares of the utilities provider’s stock valued at $24,762,000 after acquiring an additional 42,601 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of UGI by 2.7% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 352,690 shares of the utilities provider’s stock valued at $16,527,000 after acquiring an additional 9,403 shares in the last quarter. Rhumbline Advisers raised its position in shares of UGI by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 308,020 shares of the utilities provider’s stock valued at $14,434,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of UGI by 4,776.4% during the 2nd quarter. Schroder Investment Management Group now owns 292,584 shares of the utilities provider’s stock valued at $14,179,000 after acquiring an additional 286,584 shares in the last quarter. Institutional investors own 77.00% of the company’s stock.

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About UGI

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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