UGI Corporation $UGI Stock: Vise Technologies Inc. Boosts Holdings

Vise Technologies Inc. raised its holdings in UGI Corporation (NYSE:UGI) by 124.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,482 shares of the utilities provider’s stock after buying an additional 18,540 shares during the quarter. Vise Technologies Inc.’s holdings in UGI were worth $1,194,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UGI. Parkside Financial Bank & Trust lifted its holdings in shares of UGI by 80.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 322 shares during the period. TD Waterhouse Canada Inc. acquired a new position in UGI in the third quarter worth about $43,000. Aberdeen Wealth Management LLC acquired a new position in UGI in the second quarter worth about $42,000. Versant Capital Management Inc lifted its stake in UGI by 45.6% during the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 397 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in UGI during the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UGI. Huntington began coverage on UGI in a report on Monday, September 14th. They set an “outperform” rating and a $54.00 price target for the company. Scotiabank began coverage on shares of UGI in a report on Tuesday, September 29th. They issued an “outperform” rating and a $46.00 target price on the stock. Zacks Research raised shares of UGI from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Jefferies Financial Group raised shares of UGI from a “hold” rating to a “buy” rating and boosted their price target for the company from $40.00 to $43.00 in a report on Wednesday, September 9th. Finally, Wall Street Zen cut shares of UGI from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

UGI Stock Down 0.4%

Shares of UGI stock opened at $37.07 on Friday. UGI Corporation has a 12-month low of $31.65 and a 12-month high of $41.34. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The firm has a fifty day moving average of $37.71 and a 200-day moving average of $36.73. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 12.40 and a beta of 0.94.

UGI (NYSE:UGI) last posted its quarterly earnings data 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. As a group, equities research analysts predict that UGI Corporation will post 2.81 earnings per share for the current fiscal year.

UGI Company Profile

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.