UGI (NYSE:UGI – Get Free Report) was upgraded by analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.
UGI has been the subject of a number of other reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of UGI in a research report on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price target (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, UGI currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.
Check Out Our Latest Report on UGI
UGI Stock Performance
UGI (NYSE:UGI – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.02). The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.08 billion. UGI had a net margin of 8.71% and a return on equity of 13.81%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.21 earnings per share. As a group, sell-side analysts forecast that UGI will post 2.83 earnings per share for the current year.
Hedge Funds Weigh In On UGI
Institutional investors and hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL grew its holdings in UGI by 234.1% during the third quarter. Tudor Investment Corp ET AL now owns 95,545 shares of the utilities provider’s stock valued at $3,178,000 after purchasing an additional 66,946 shares during the period. Burns Matteson Capital Management LLC bought a new position in UGI during the fourth quarter valued at $600,000. Captrust Financial Advisors grew its holdings in UGI by 11.2% during the third quarter. Captrust Financial Advisors now owns 2,863,933 shares of the utilities provider’s stock valued at $95,254,000 after purchasing an additional 287,764 shares during the period. SG Americas Securities LLC grew its holdings in UGI by 8.9% during the fourth quarter. SG Americas Securities LLC now owns 227,467 shares of the utilities provider’s stock valued at $8,514,000 after purchasing an additional 18,652 shares during the period. Finally, Foster & Motley Inc. grew its holdings in UGI by 13.9% during the fourth quarter. Foster & Motley Inc. now owns 165,187 shares of the utilities provider’s stock valued at $6,183,000 after purchasing an additional 20,179 shares during the period. 82.34% of the stock is owned by institutional investors.
About UGI
UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.
AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.
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