UGI (NYSE:UGI) Sets New 1-Year High – Should You Buy?

UGI Co. (NYSE:UGI)’s stock price hit a new 52-week high on Monday . The stock traded as high as $31.13 and last traded at $31.04, with a volume of 276381 shares traded. The stock had previously closed at $30.73.

Analyst Ratings Changes

UGI has been the topic of several recent research reports. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group started 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. Finally, Wells Fargo & Company boosted their price target on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.33.

UGI Stock Up 1.0 %

The firm has a 50 day simple moving average of $28.94 and a two-hundred day simple moving average of $25.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 25.03 and a beta of 1.21.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Monday, December 16th. UGI’s dividend payout ratio is currently 120.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Easterly Investment Partners LLC grew its position in UGI by 0.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after acquiring an additional 450 shares during the last quarter. Hourglass Capital LLC grew its position in shares of UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock valued at $2,330,000 after buying an additional 470 shares during the last quarter. Wright Investors Service Inc. grew its position in shares of UGI by 1.3% in the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after buying an additional 484 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of UGI by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock valued at $2,774,000 after buying an additional 489 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of UGI by 15.1% in the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock valued at $106,000 after buying an additional 491 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

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.