UGI (NYSE:UGI) Sets New 52-Week High - What's Next?

UGI Co. (NYSE:UGI - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $30.49 and last traded at $30.32, with a volume of 986 shares trading hands. The stock had previously closed at $30.09.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UGI. Jefferies Financial Group began coverage on shares of UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 price target for the company. Wells Fargo & Company boosted their price target on UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Finally, Mizuho upgraded UGI from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.33.

UGI Trading Up 1.7 %

The stock's 50 day moving average is $27.87 and its 200-day moving average is $25.51. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The company has a market capitalization of $6.57 billion, a P/E ratio of 24.67 and a beta of 1.21.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.90%. UGI's dividend payout ratio (DPR) is 120.97%.

Institutional Investors Weigh In On UGI

Institutional investors have recently modified their holdings of the stock. Citigroup Inc. raised its holdings in shares of UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider's stock valued at $5,087,000 after purchasing an additional 50,485 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of UGI by 2,402.0% during the 3rd quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider's stock worth $652,000 after acquiring an additional 25,005 shares during the last quarter. FMR LLC raised its holdings in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the period. JPMorgan Chase & Co. increased its position in UGI by 35.1% in the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider's stock worth $30,718,000 after buying an additional 318,655 shares in the last quarter. Finally, Commerce Bank purchased a new position in shares of UGI during the 3rd quarter valued at about $645,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

About UGI

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.