Stock Track | UGI Corp Soars 5% on Announcement of 5-7% Long-Term EPS Growth Target

Stock Track11-22

UGI Corp (UGI) shares are soaring 5.04% in Friday's intraday trading session, following the company's SEC filing that revealed its long-term financial target for earnings per share (EPS) growth rate of 5-7%. This announcement has sparked investor optimism, driving the stock to its highest levels since early August.

The energy distribution and services company's disclosure of its ambitious growth target suggests confidence in its future performance and strategic direction. This long-term outlook is particularly significant given the challenging economic environment and ongoing changes in the energy sector, indicating UGI's commitment to delivering value to its shareholders.

Today's surge continues UGI's recent positive momentum. The stock is now up 5.41% this week, marking its best weekly performance since mid-January. Year-to-date, UGI has gained an impressive 30.09%, putting it on track for its strongest annual performance since 2021. Despite these gains, the stock remains about 1% below its 52-week high set in July, suggesting there may still be room for further upside if the company can deliver on its growth targets.

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