UGI (NYSE:UGI – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.
Other equities research analysts have also recently issued research reports about the company. Huntington assumed coverage on UGI in a research note on Monday, September 14th. They set an “outperform” rating and a $54.00 price target for the company. Scotiabank started coverage on UGI in a research note on Tuesday, September 29th. They set an “outperform” rating and a $46.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Zacks Research cut UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Weiss Ratings downgraded shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.80.
UGI Stock Performance
Shares of UGI opened at $38.10 on Friday. The company’s 50 day simple moving average is $37.35 and its 200-day simple moving average is $36.18. The firm has a market cap of $8.17 billion, a PE ratio of 13.16 and a beta of 0.93. UGI has a 12-month low of $31.65 and a 12-month high of $41.34. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28.
UGI (NYSE:UGI – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. As a group, equities analysts predict that UGI will post 2.81 EPS for the current year.
Institutional Investors Weigh In On UGI
Several hedge funds have recently modified their holdings of UGI. The Manufacturers Life Insurance Company acquired a new stake in shares of UGI during the 2nd quarter worth $73,069,000. Russell Investments Group Ltd. raised its position in shares of UGI by 75.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider’s stock worth $46,130,000 after buying an additional 575,239 shares during the period. Legal & General Group Plc purchased a new position in shares of UGI in the 2nd quarter worth $12,408,000. Ancora Advisors LLC purchased a new position in shares of UGI in the 2nd quarter worth $11,308,000. Finally, Bank of Nova Scotia acquired a new position in UGI in the second quarter valued at $10,515,000. 82.34% of the stock is owned by institutional investors and hedge funds.
About UGI
UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, it has developed into an operator and distributor of energy businesses serving residential, commercial, industrial and institutional customers.
Through UGI Utilities, the company distributes natural gas and provides electric utility service in parts of Pennsylvania. Its other operations include natural gas marketing, midstream services and energy-related activities in the United States, along with propane distribution through AmeriGas and liquefied petroleum gas distribution in Europe through UGI International.
UGI’s businesses serve customers across the United States and selected European markets.
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