BlackRock Fund Advisors recently announced the acquisition of new stake in UGI Corporation (NYSE:UGI). The institutional investor has increased its shareholding in the Utilities company by 15.23% to 28.03 million shares with purchase of 3.7 million shares. This fresh investment now brings its stake to 13.37% valued currently at $1.04 billion. In addition, The Vanguard Group, Inc. raised its holdings by 0.87 million to 24.75 million shares. And SSgA Funds Management, Inc. has lifted its position by 23.96% or 3.81 million shares – to 19.69 million shares.
With over 1.95 million UGI Corporation (UGI) shares trading Monday and a closing price of $35.03 on the day, the dollar volume was approximately $68.45 million. The shares have shown a negative half year performance of -11.79% and its price on 03/13/23 lost nearly -0.26%. Currently, there are 209.93M common shares owned by the public and among those 208.38M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for UGI have a consensus price objective of $48.00. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $40.00. The average price target is 24.26% above its recent price level and an upside to the estimated low will see the stock gain 12.42% over that period. But an upside of 41.62% will see the stock hit the forecast high price target while median target price for the stock is $44.00.
Insiders at the company have transacted a total of 22 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 384,856 shares. Insider sales of the common stock occurred on 7 occasions, with total insider shares sold totaling 369,091 shares.
The top 3 mutual fund holders in UGI Corporation are SPDR S&P Dividend ETF, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market Index. SPDR S&P Dividend ETF owns 8.22 million shares of the company’s stock, all valued at over $306.12 million. The company sold 2224.0 shares recently to bring their total holdings to about 3.92% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 14808.0 shares to see its total holdings expand to 6.54 million shares valued at over $243.31 million and representing 3.12% of the shares outstanding. Vanguard Total Stock Market Index bought 41483.0 shares to bring its total holdings to over 6.41 million shares at a value of $238.8 million. Vanguard Total Stock Market Index now owns shares totaling to 3.06% of the shares outstanding.
Shares of UGI Corporation (NYSE: UGI) opened at $34.68, down -$0.44 from a prior closing price of $35.12. However, the script later moved the day high at 36.10, down -0.26%. The company’s stock has a 5-day price change of -5.60% and -8.63% over the past three months. UGI shares are trading -5.50% year to date (YTD), with the 12-month market performance up to 2.37% higher. It has a 12-month low price of $31.19 and touched a high of $44.54 over the same period. UGI has an average intraday trading volume of 1.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.47%, -10.01%, and -9.05% respectively.
Institutional ownership of UGI Corporation (NYSE: UGI) shares accounts for 84.80% of the company’s 209.93M shares outstanding. Mutual fund holders own 30.72%, while other institutional holders and individual stakeholders account for 55.52% and 1.70% respectively.
It has a market capitalization of $7.57B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 39.99, while the earnings-per-share (ttm) stands at $0.88. The company has a PEG of 5.63 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 1.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.74% over the week and 2.17% over the month.
Analysts forecast that UGI Corporation (UGI) will achieve an EPS of $1.94 for the current quarter, $0.09 for the next quarter and $3.31 for 2024. The lowest estimate earnings-per-share for the quarter is $1.88 while analysts give the company a high EPS estimate of $2.03. Comparatively, EPS for the current quarter was $0.93 a year ago. Earnings per share for the fiscal year are expected to decrease by -27.00%, and 9.16% over the next financial year. EPS should shrink at an annualized rate of 7.10% over the next five years, compared to 15.10% over the past 5-year period.
Looking at the support for the UGI, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on January 18, 2023, with the firm’s price target at $36-$39. BofA Securities coverage for the UGI Corporation (UGI) stock in a research note released on November 23, 2022 offered a Underperform rating with a price target of $41. BofA Securities was of a view on March 07, 2022 that the stock is Neutral, while Wells Fargo gave the stock Equal Weight rating on October 20, 2021, issuing a price target of $46. BofA Securities on their part issued Buy rating on June 23, 2021.
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