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

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

Analysts Set New Price Targets

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

UGI Trading Up 1.0 %

The firm has a market capitalization of $6.66 billion, a P/E ratio of 25.03 and a beta of 1.21. The firm has a fifty 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.

UGI Dividend Announcement

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

Institutional Investors Weigh In On UGI

Several institutional investors have recently made changes to their positions in the stock. S.A. Mason LLC purchased a new stake in shares of UGI in the fourth quarter worth $27,000. Concord Wealth Partners raised its position in UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in UGI during the fourth quarter valued at about $36,000. UMB Bank n.a. raised its position in UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 540 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in UGI during the second quarter valued at about $40,000. Hedge funds and other institutional investors 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.