UGI (NYSE:UGI) Rating Increased to Outperform at Mizuho

UGI (NYSE:UGI) was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday, Marketbeat reports. The firm presently has a $30.00 price target on the utilities provider’s stock, up from their prior price target of $27.00. Mizuho’s price target would suggest a potential upside of 24.38% from the company’s current price.

A number of other equities analysts also recently commented on the company. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company upped their price objective on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th.

UGI Stock Up 3.8 %

NYSE UGI opened at $24.12 on Friday. The business’s 50-day moving average is $24.25 and its 200 day moving average is $24.08. The stock has a market capitalization of $5.18 billion, a PE ratio of 7.73 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. UGI has a 1 year low of $21.47 and a 1 year high of $26.15.

Institutional Investors Weigh In On UGI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. lifted its position in UGI by 99.7% during the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after buying an additional 598 shares during the period. Hantz Financial Services Inc. purchased a new position in UGI during the 2nd quarter valued at about $32,000. Concord Wealth Partners boosted its stake in UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 637 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in UGI in the second quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of UGI during the second quarter valued at approximately $40,000. 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.