UGI (NYSE:UGI) Stock Rating Upgraded by StockNews.com

UGI (NYSE:UGI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company lowered UGI from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $27.00 to $28.00 in a report on Thursday, March 14th. TheStreet raised UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Finally, Mizuho dropped their price objective on UGI from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, January 18th.

UGI Stock Up 0.8 %

NYSE:UGI opened at $25.00 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The stock’s fifty day moving average is $24.34 and its two-hundred day moving average is $23.17. UGI has a 52 week low of $20.19 and a 52 week high of $35.47. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of -11.36 and a beta of 1.16.

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

Institutional Trading of UGI

A number of institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in shares of UGI by 35.2% in the 1st quarter. US Bancorp DE now owns 16,028 shares of the utilities provider’s stock valued at $580,000 after purchasing an additional 4,176 shares in the last quarter. Cetera Advisor Networks LLC grew its position in shares of UGI by 13.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider’s stock valued at $484,000 after buying an additional 1,618 shares during the last quarter. Bank of Montreal Can grew its position in shares of UGI by 7.9% during the 1st quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider’s stock valued at $2,704,000 after buying an additional 5,396 shares during the last quarter. Panagora Asset Management Inc. grew its position in shares of UGI by 23.0% during the 1st quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider’s stock valued at $1,399,000 after buying an additional 7,225 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of UGI by 7.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider’s stock valued at $6,489,000 after buying an additional 11,826 shares during the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

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.