UGI (NYSE:UGI) Reaches New 52-Week High After Dividend Announcement

UGI Co. (NYSE:UGI) hit a new 52-week high on Friday after the company announced a dividend. The company traded as high as $26.15 and last traded at $26.06, with a volume of 647842 shares trading hands. The stock had previously closed at $24.78.

The newly announced dividend which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio is currently 120.97%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group assumed coverage on UGI in a report on Friday. They set a “buy” rating and a $28.00 price objective on the stock. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company lifted their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.33.

UGI Trading Up 15.0 %

The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $6.12 billion, a P/E ratio of 23.00 and a beta of 1.13. The business has a fifty day moving average price of $24.40 and a 200 day moving average price of $24.10.

Hedge Funds Weigh In On UGI

Several hedge funds have recently made changes to their positions in the business. Whittier Trust Co. grew its holdings in shares of UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 598 shares in the last quarter. Concord Wealth Partners grew its stake in UGI by 100.0% in 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. Hantz Financial Services Inc. acquired a new position in shares of UGI during the 2nd quarter worth approximately $32,000. Duncker Streett & Co. Inc. bought a new stake in shares of UGI during the 2nd quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UGI during the 2nd quarter worth approximately $40,000. 82.34% of the stock is owned by institutional investors.

UGI Company Profile

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.