UGI (NYSE:UGI) PT Raised to $27.00 at Mizuho

UGI (NYSE:UGI) had its price objective hoisted by Mizuho from $26.00 to $27.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price target would suggest a potential upside of 13.45% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company cut UGI from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $27.00 to $28.00 in a report on Thursday, March 14th.

UGI Trading Up 3.0 %

Shares of UGI stock traded up $0.69 on Wednesday, reaching $23.80. The company had a trading volume of 1,449,358 shares, compared to its average volume of 1,946,829. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of -10.82 and a beta of 1.16. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79. The firm’s 50-day moving average price is $24.32 and its two-hundred day moving average price is $23.17. UGI has a 1 year low of $20.19 and a 1 year high of $35.18.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.98 billion. As a group, research analysts predict that UGI will post 2.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UGI. Moneta Group Investment Advisors LLC acquired a new position in UGI during the 4th quarter valued at about $203,745,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in UGI by 503.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock valued at $66,810,000 after purchasing an additional 2,423,713 shares during the last quarter. Norges Bank purchased a new stake in UGI during the 4th quarter valued at about $46,034,000. BlackRock Inc. grew its stake in UGI by 3.4% during the 1st quarter. BlackRock Inc. now owns 35,154,665 shares of the utilities provider’s stock valued at $1,221,976,000 after purchasing an additional 1,150,654 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in UGI by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,130,520 shares of the utilities provider’s stock valued at $780,140,000 after purchasing an additional 1,141,345 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Company Profile

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.