UGI (NYSE:UGI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $49.00 price target on the utilities provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.57% from the stock’s current price.
According to Zacks, “UGI Corporation is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services. They are a domestic and international retail distributor of propane and butane (which are liquefied petroleum gases (LPG)); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services. “
Several other equities research analysts have also recently commented on the stock. Barclays reaffirmed a “sell” rating and issued a $47.00 target price on shares of UGI in a research report on Friday, February 2nd. Bank of America reaffirmed a “buy” rating on shares of UGI in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $47.33.
UGI (NYSE:UGI) traded down $0.42 during trading hours on Tuesday, hitting $43.53. 62,766 shares of the stock traded hands, compared to its average volume of 863,543. UGI has a 12-month low of $42.51 and a 12-month high of $52.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market cap of $7,640.31, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.14 and a beta of 0.62.
UGI (NYSE:UGI) last posted its earnings results on Wednesday, January 31st. The utilities provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.08. UGI had a net margin of 8.71% and a return on equity of 10.88%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $0.91 EPS. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. equities research analysts expect that UGI will post 2.58 earnings per share for the current fiscal year.
In related news, insider Roger Perreault bought 2,270 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was purchased at an average cost of $43.97 per share, with a total value of $99,811.90. Following the transaction, the insider now owns 21,049 shares in the company, valued at approximately $925,524.53. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of UGI. APG Asset Management N.V. lifted its position in UGI by 37.5% during the 4th quarter. APG Asset Management N.V. now owns 2,603,255 shares of the utilities provider’s stock valued at $101,784,000 after acquiring an additional 709,500 shares during the period. BlackRock Inc. raised its holdings in UGI by 2.8% in the fourth quarter. BlackRock Inc. now owns 16,606,853 shares of the utilities provider’s stock worth $779,691,000 after buying an additional 447,298 shares during the last quarter. Reinhart Partners Inc. purchased a new position in UGI in the fourth quarter worth about $20,733,000. Two Sigma Investments LP raised its holdings in UGI by 823.9% in the fourth quarter. Two Sigma Investments LP now owns 423,949 shares of the utilities provider’s stock worth $19,904,000 after buying an additional 378,061 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in UGI by 411.8% in the fourth quarter. Thrivent Financial For Lutherans now owns 304,643 shares of the utilities provider’s stock worth $14,303,000 after buying an additional 245,123 shares during the last quarter. 78.14% of the stock is owned by institutional investors.
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UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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