UGI Corporation (UGI) – What Are Analysts Thinking About This Stock?

Shares of UGI Corporation (NYSE:UGI) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $45.80.

A number of research analysts recently issued reports on the company. Zacks Research upgraded UGI from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Huntington assumed coverage on UGI in a research note on Monday, September 14th. They issued an “outperform” rating and a $54.00 target price on the stock. Wells Fargo & Company cut their target price on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Scotiabank started coverage on UGI in a research report on Tuesday, September 29th. They set an “outperform” rating and a $46.00 price target for the company. Finally, Weiss Ratings cut shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th.

UGI Price Performance

UGI stock opened at $37.45 on Thursday. The stock has a 50-day moving average price of $37.69 and a two-hundred day moving average price of $36.72. The stock has a market cap of $8.03 billion, a PE ratio of 13.05 and a beta of 0.94. 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 has a 1 year low of $31.65 and a 1 year high of $41.34.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UGI. MSH Capital Advisors LLC acquired a new position in UGI in the 2nd quarter valued at $1,961,000. Private Management Group Inc. increased its position in UGI by 10.8% during the 2nd quarter. Private Management Group Inc. now owns 1,057,888 shares of the utilities provider’s stock worth $36,539,000 after buying an additional 103,470 shares during the period. Landscape Capital Management L.L.C. bought a new position in UGI during the 2nd quarter worth $1,949,000. Canada Pension Plan Investment Board acquired a new stake in shares of UGI during the second quarter worth $1,665,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of UGI during the second quarter worth $73,069,000. Institutional investors own 82.34% of the company’s stock.

About UGI

UGI Corporation is a diversified energy company based in King of Prussia, Pennsylvania. Its businesses distribute and market natural gas, propane and other energy products, and provide related services to residential, commercial and industrial customers.

In the United States, UGI operates regulated natural gas and electric utilities in Pennsylvania, supplies natural gas and electricity through its energy-marketing business, and owns energy-related infrastructure. Its propane operations include AmeriGas, which serves customers across the country.

UGI also distributes liquefied petroleum gas in Europe through UGI International.