UGI (NYSE:UGI) Reaches New 12-Month High – Still a Buy?

UGI Co. (NYSE:UGI)’s share price reached a new 52-week high on Monday . The company traded as high as $30.70 and last traded at $30.73, with a volume of 776938 shares traded. The stock had previously closed at $30.32.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $30.00 in a report on Friday, November 15th. Wells Fargo & Company increased their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group initiated coverage on shares of UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, UGI currently has an average rating of “Moderate Buy” and an average price target of $28.33.

UGI Trading Up 1.4 %

The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. The stock has a market cap of $6.60 billion, a PE ratio of 24.76 and a beta of 1.21. The company’s 50-day moving average price is $28.41 and its 200 day moving average price is $25.74.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were issued a $0.375 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.88%. UGI’s dividend payout ratio is presently 120.97%.

Institutional Trading of UGI

Several hedge funds have recently made changes to their positions in UGI. S.A. Mason LLC acquired a new position in UGI during the 4th quarter worth $27,000. Concord Wealth Partners increased its stake in shares of UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after buying an additional 637 shares during the period. UMB Bank n.a. raised its holdings in UGI by 67.1% in the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 540 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in UGI in the second quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC increased its position in shares of UGI by 189.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 1,358 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

About UGI

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.