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UGI $27.27

UGI target price
27.27
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UGI Corporation
Type
Public
Traded as NYSE: UGI
S&P 400 Component
Industry Energy industry
Founded 1882
Headquarters King of Prussia, Pennsylvania, United States
Area served
Pennsylvania
Key people
Marv Schlanger (Chairman); John Walsh (President & CEO) Kirk Oliver (CFO)
Services Electricity, natural gas, propane
Revenue $8,277 millions in 2014
Operating income
$1,006 millions in 2014
Net income
$337 millions in 2014
Website http://www.ugicorp.com/

UGI Corporation is an LPG distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States, Europe and the United Kingdom. In July 2014 the company disclosed it was acquiring Totalgaz S.A.'s LPG distribution operations in France for €450 million ($615 million).

UGI was incorporated in 1882 as United Gas Improvement Co. In 1903, United Gas Improvement owned the majority of the stock of the Equitable Illuminating Gas Light Company. The latter utility operated the Philadelphia Gas Works at the time.

United Gas Improvement formed the United Electric Company of New Jersey in 1899. United Electric consolidated several electric and lighting utilities into a single holding company. New Jersey's Public Service Corporation took over United Electric from UGI in 1907. United Electric was ultimately merged into Public Service Electric & Gas.

In October 1964, Industrial Gases, Inc., of Pittsburgh filed an antitrust suit in federal district court charging United Gas Improvement with attempting to eliminate competition in sales of bottled propane gas in Pittsburgh. The Philadelphia Gas Works division of UGI challenged a ruling of the Federal Power Commission. The FPC lowered the maximum price that natural gas producers could charge to sixteen cents per 1,000 cubic feet (28 m) of gas. This mandate was upheld by the United States Supreme Court in May 1968.

In February 1968, the company changed its name to UGI Corporation.

Under the UGI Utilities, Inc., UGI serves 570,000 natural gas and 60,000 electricity customers in eastern and central Pennsylvania, including customers of UGI Penn Natural Gas (formerly PG Energy) and UGI Central Penn Gas (formerly PPL Gas Utilities). UGI Utilities operates in the urban areas in and around Harrisburg, Lancaster, Reading, Allentown, Bethlehem, Easton, Hazleton, Wilkes Barre, Lock Haven, Pottsville, Stroudsburg, Lewistown, Huntingdon, Shippensburg, Lewisburg, Scranton and Williamsport.

UGI's propane holdings include control of AmeriGas Partners, L.P. NYSE: APU, the largest propane marketer in the United States. UGI also owns AvantiGas, Antargaz and Flaga in Europe.

UGI also markets a variety of energy products and operates premier interstate and intrastate transmission and gas storage assets in the Marcellus Shale producing region through their UGI Energy Services company, based in Wyomissing, Pennsylvania.

The information here is current to May, 2017

Marvin Schlanger has been non-executive Chairman of the Board since January 28, 2016, since the retirement of Lon Greenberg. He was previously presiding director of the board during Greenberg's term as Executive Chair and later non-Executive Chair.

John Walsh is President and CEO, succeeding Lon Greenberg on April 1, 2013.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2022-11-16 Future report Set alerts
Q3 2022 2022-08-03 0.06 0.06
Q2 2022 2022-05-04 0.00 0.00
Q1 2022 2022-02-03 0.93 0.93
Q4 2021 2021-11-18 -0.33 -0.33
Q3 2021 2021-08-04 0.13 0.13
Q2 2021 2021-05-05 1.99 1.99
Q1 2021 2021-02-03 1.18 1.18
Q4 2020 2020-11-18 0.00 0.00
Q3 2020 2020-08-03 0.08 0.41

Ratings

2016-06-20 Downgrade Barclays Equal Weight to Underweight $39.00 to $42.00
2016-06-20 Downgrade Barclays PLC Equal Weight to Underweight $39.00 to $42.00
2016-05-26 Initiated Coverage Janney Montgomery Scott Neutral $44.00
2016-05-04 Boost Price Target Citigroup Inc. Neutral $36.50 to $44.00
2016-04-29 Downgrade Janney Montgomery Scott Buy to Neutral
2016-01-14 Lower Price Target Jefferies Group $36.00
2015-04-23 Initiated Coverage Janney Montgomery Scott Buy $43.00
2015-02-02 Boost Price Target Citigroup Inc. Neutral $29.33 to $36.50
2015-01-27 Boost Price Target Barclays Equal Weight $34.00 to $37.00
2014-11-03 Reiterated Rating Jefferies Group Hold $34.00 to $36.00
2014-10-07 Reiterated Rating Jefferies Group Hold $32.00 to $34.00
2014-07-03 Boost Price Target BMO Capital Markets Market Perform $32.67 to $33.33
2014-05-12 Upgrade Ned Davis Research Neutral to Buy
2014-04-23 Initiated Coverage Barclays Equal Weight $31.33
2014-04-17 Boost Price Target Jefferies Group Hold $28.67 to $30.67
2014-04-10 Initiated Coverage Bank of America Buy $35.33
2007-02-06 Initiated Credit Suisse Neutral $29
2016-06-20 Downgrade Barclays Equal Weight to Underweight $39.00 to $42.00
2016-06-20 Downgrade Barclays PLC Equal Weight to Underweight $39.00 to $42.00
2016-05-26 Initiated Coverage Janney Montgomery Scott Neutral $44.00
2016-05-04 Boost Price Target Citigroup Inc. Neutral $36.50 to $44.00
2016-04-29 Downgrade Janney Montgomery Scott Buy to Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
GREENBERG LON R Chairman & CEO 0.39%  (447086) ABC / AMP / APU / UGI / WTR /
Walsh John L President & COO 0.38%  (437166) APU / UGI /
SCHLANGER MARVIN O 0.11%  (126982) APU / TAM / UGI /
HALL BRADLEY C VP New Business Development 0.08%  (86706) UGI /
BAN STEPHEN D 0.06%  (73242) APU / UGI /
Oliver Kirk R CFO 0.06%  (66669) UGI /
Gaudiosi Monica M VP, Gen. Counsel & Secretary 0.05%  (53492) UGI /
Beard Robert F. President & CEO of subsidiary 0.03%  (38919) UGI /
Sheridan Jerry E President & CEO of subsidiary 0.02%  (28500) APU / UGI /
GOCHNAUER RICHARD W 0.02%  (27934) ABC / UGI /
Hartz Joseph L. President of Subsidiary 0.02%  (27213) UGI /
HERMANCE FRANK S 0.02%  (25630) AME / IEX / UGI /
Perreault Roger President of Subsidiary 0.02%  (21049) UGI /
Athwal Davinder S Chief Accounting Officer 0.02%  (20521) BCOR / UGI /
Puccio M Shawn 0.01%  (14345) UGI /
JONES ERNEST E 0.01%  (11566) UGI /
Stallings James B JR 0.01%  (10177) FIS / UGI /
Ortiz-Landazabal Marie-Dominique Chief Accounting Officer 0.01%  (8260) UGI /
VINCENT ROGER B 0.01%  (7516) UGI /