UGI Corporation (NYSE:UGI) shares traded -0.46% lower at $28.23 on Wall Street last session.
As we calculate the median target price by taking the range between a high of $60.00 and a low of $32.00, we find $37.00. Given the previous closing price of $28.36, this indicates a potential upside of 30.47 percent. UGI stock price is now -14.25% away from the 50-day moving average and -22.66% away from the 200-day moving average. The market capitalization of the company currently stands at $5.91B.
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Brokers who have rated the stock have averaged $40.40 as their price target over the next twelve months.
In other news, HERMANCE FRANK S, Director sold 12,750 shares of the company’s stock on Dec 01. The stock was sold for $495,210 at an average price of $38.84. Upon completion of the transaction, the Director now directly owns 465,000 shares in the company, valued at $13.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, VP, Gen. Counsel & Secretary Gaudiosi Monica M sold 75,000 shares of the business’s stock. A total of $2,648,250 was realized by selling the stock at an average price of $35.31. This leaves the insider owning 61,109 shares of the company worth $1.73 million. Insiders disposed of 359,522 shares of company stock worth roughly $10.15 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UGI stock. A new stake in UGI Corporation shares was purchased by MACKENZIE FINANCIAL CORP during the first quarter worth $16,562,000. BALYASNY ASSET MANAGEMENT L.P. invested $4,579,000 in shares of UGI during the first quarter. In the first quarter, JEFFERIES GROUP LLC acquired a new stake in UGI Corporation valued at approximately $2,367,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in UGI for approximately $1,461,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in UGI valued at around $1,195,000 in the second quarter. In total, there are 768 active investors with 84.80% ownership of the company’s stock.
UGI Corporation (NYSE: UGI) opened at $28.39 on Tuesday. During the past 12 months, UGI Corporation has had a low of $27.23 and a high of $44.54. As of last week, the company has a debt-to-equity ratio of 1.43, a current ratio of 1.20, and a quick ratio of 1.00. The fifty day moving average price for UGI is $32.78 and a two-hundred day moving average price translates $36.44 for the stock.
The latest earnings results from UGI Corporation (NYSE: UGI) was released for Mar, 2023. According to the Utilities – Regulated Gas Company, earnings per share came in at $1.68, missing analysts’ expectations of $1.78 by -0.1. This compares to $4.32 EPS in the same period last year. The net profit margin was -6.20% and return on equity was -11.10% for UGI. The company reported revenue of $3.11 billion for the quarter, compared to $3.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.39 percent. For the current quarter, analysts expect UGI to generate $1.73B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/01/2023. Investors who held shares on 06/15/2023 were paid a $0.375 dividend. On an annualized basis, this represents a $1.50 dividend and a 5.31% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, UGI is presently at 27.59%.
UGI Corporation(UGI) Company Profile
UGI Corporation, through 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. The company also distributes liquefied petroleum gases (LPG) to residential, commercial, industrial, agricultural, wholesale and automobile fuel customers; and provides logistics, storage, and other services to third-party LPG distributors. In addition, it engages in the retail sale of natural gas, liquid fuels, and electricity to approximately 12,400 residential, commercial, and industrial customers at 42,000 locations. Further, the company distributes natural gas to approximately 677,000 customers in eastern and central Pennsylvania counties through its distribution system of approximately 12,500 miles of gas mains; and supplies electricity to approximately 62,600 customers in northeastern Pennsylvania through 2,560 miles of lines and 14 substations. Additionally, it operates electric generation facilities, which include coal-fired, landfill gas-fueled, solar-powered, and natural gas-fueled facilities; a natural gas liquefaction, storage, and vaporization facility; propane storage and propane-air mixing stations; and rail transshipment terminals. It also manages natural gas pipeline and storage contracts; develops, owns, and operates pipelines, gathering infrastructure, and gas storage facilities. UGI Corporation was incorporated in 1991 and is headquartered in King of Prussia, Pennsylvania.
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