UGI (NYSE:UGI) Sets New 52-Week High - Here's Why

UGI Co. (NYSE:UGI - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $36.62 and last traded at $36.59, with a volume of 806757 shares changing hands. The stock had previously closed at $36.05.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho boosted their price target on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of UGI from a "hold" rating to a "buy" rating in a report on Thursday, May 15th.

UGI Stock Performance

The stock has a market cap of $7.78 billion, a P/E ratio of 14.28, a PEG ratio of 2.26 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The company has a fifty day moving average of $34.07 and a 200 day moving average of $31.89.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business earned $1.97 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a $0.375 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.50 annualized dividend and a yield of 4.13%. UGI's dividend payout ratio (DPR) is 61.73%.

Institutional Investors Weigh In On UGI

Institutional investors and hedge funds have recently modified their holdings of the stock. AIA Group Ltd lifted its holdings in shares of UGI by 1.8% during the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after purchasing an additional 323 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in UGI by 1.9% during the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock worth $581,000 after buying an additional 323 shares during the period. Belpointe Asset Management LLC lifted its stake in UGI by 3.8% during the first quarter. Belpointe Asset Management LLC now owns 9,758 shares of the utilities provider's stock valued at $323,000 after buying an additional 359 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of UGI by 36.1% in the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after buying an additional 370 shares during the period. Finally, Quintet Private Bank Europe S.A. increased its position in shares of UGI by 25.3% in the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock worth $62,000 after acquiring an additional 380 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

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.