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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location. The company also distributes liquefied petroleum gases (LPG) to residential, commercial, industrial, agricultural, wholesale and automobile fuel customers; and provides logistics, storage, and other services to third-party LPG distributors. In addition, it engages in the retail sale of natural gas, liquid fuels, and electricity to approximately 12,600 residential, commercial, and industrial customers at 42,400 locations. Further, the company distributes natural gas to approximately 672,000 customers in eastern and central Pennsylvania counties through its distribution system of approximately 12,400 miles of gas mains; and supplies electricity to approximately 62,500 customers in northeastern Pennsylvania through 2,600 miles of lines and 14 substations. Additionally, it operates electric generation facilities, which include coal-fired, landfill gas-fueled, solar-powered, and natural gas-fueled facilities; a natural gas liquefaction, storage, and vaporization facility; propane storage and propane-air mixing stations; and rail transshipment terminals. It also manages natural gas pipeline and storage contracts; develops, owns, and operates pipelines, gathering infrastructure, and gas storage facilities. UGI Corporation was incorporated in 1991 and is based in King of Prussia, Pennsylvania.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. StockNews.com raised UGI from a "sell" rating to a "hold" rating in a research report on Saturday, May 14th. Wells Fargo & Company raised their target price on UGI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, August 8th.
UGI Stock Performance
NYSE:UGI traded up $0.66 during mid-day trading on Friday, reaching $41.66. 475,735 shares of the stock were exchanged, compared to its average volume of 1,316,880. The company has a 50 day simple moving average of $40.54 and a 200-day simple moving average of $38.95. The stock has a market capitalization of $8.75 billion, a P/E ratio of 6.65, a P/E/G ratio of 1.80 and a beta of 0.98. The company has a quick ratio of 1.46, a current ratio of 1.70 and a debt-to-equity ratio of 1.10. UGI has a 1 year low of $33.04 and a 1 year high of $48.55.
UGI Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 3.46%. UGI's dividend payout ratio is presently 23.00%.
Insider Buying and Selling
In other UGI news, Director John L. Walsh sold 105,000 shares of UGI stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $42.36, for a total value of $4,447,800.00. Following the transaction, the director now directly owns 429,734 shares in the company, valued at approximately $18,203,532.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.