Barclays Reaffirms “Sell” Rating for UGI (NYSE:UGI)

Barclays reiterated their sell rating on shares of UGI (NYSE:UGI) in a research note published on Thursday morning, AnalystRatings.com reports. They currently have a $52.00 target price on the utilities provider’s stock.

UGI has been the topic of a number of other reports. Bank of America boosted their price target on Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the stock an outperform rating in a report on Wednesday, April 3rd. Jefferies Financial Group reissued a hold rating and issued a GBX 4,380 ($57.23) price target on shares of Unilever in a report on Friday, April 5th. ValuEngine raised Xylem from a hold rating to a buy rating in a report on Friday, June 21st. Finally, Zacks Investment Research cut Wix.Com from a hold rating to a sell rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $58.25.

UGI stock opened at $50.28 on Thursday. UGI has a twelve month low of $50.28 and a twelve month high of $59.31. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. The stock has a market cap of $8.98 billion, a PE ratio of 18.35, a P/E/G ratio of 2.75 and a beta of 0.60. The company’s 50-day moving average is $52.85.

UGI (NYSE:UGI) last posted its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.13). UGI had a net margin of 5.14% and a return on equity of 10.31%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. As a group, equities analysts forecast that UGI will post 2.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This is a boost from UGI’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 2.39%. UGI’s payout ratio is currently 43.80%.

In related news, Director M Shawn Bort sold 25,500 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $52.97, for a total value of $1,350,735.00. Following the transaction, the director now directly owns 27,095 shares of the company’s stock, valued at approximately $1,435,222.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John L. Walsh sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $54.19, for a total value of $2,709,500.00. Following the sale, the chief executive officer now directly owns 502,226 shares in the company, valued at $27,215,626.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,671 shares of company stock worth $4,545,613. 2.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of UGI during the 1st quarter worth approximately $28,000. FinTrust Capital Advisors LLC purchased a new stake in shares of UGI during the 1st quarter worth approximately $28,000. Meridian Wealth Management LLC purchased a new stake in shares of UGI during the 1st quarter worth approximately $33,000. Stone House Investment Management LLC purchased a new stake in shares of UGI during the 1st quarter worth approximately $39,000. Finally, FNY Investment Advisers LLC raised its holdings in shares of UGI by 57.8% during the 1st quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 286 shares in the last quarter. 79.60% of the stock is currently owned by institutional investors and hedge funds.

About UGI

UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

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