UGI Corp (NYSE:UGI) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $56.50.
A number of brokerages have recently issued reports on UGI. UBS Group dropped their target price on UGI from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. TheStreet downgraded UGI from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. Finally, Barclays reiterated a “sell” rating and issued a $50.00 price target on shares of UGI in a research note on Wednesday, October 16th.
A number of large investors have recently bought and sold shares of the stock. Pennsylvania Trust Co grew its stake in UGI by 0.6% in the second quarter. Pennsylvania Trust Co now owns 35,700 shares of the utilities provider’s stock worth $1,907,000 after purchasing an additional 200 shares in the last quarter. Panagora Asset Management Inc. grew its stake in UGI by 2.4% in the second quarter. Panagora Asset Management Inc. now owns 9,812 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 227 shares in the last quarter. 6 Meridian grew its stake in UGI by 2.7% in the second quarter. 6 Meridian now owns 8,903 shares of the utilities provider’s stock worth $476,000 after purchasing an additional 232 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in UGI by 0.3% in the second quarter. Treasurer of the State of North Carolina now owns 88,202 shares of the utilities provider’s stock valued at $4,711,000 after acquiring an additional 274 shares during the period. Finally, Garrison Point Advisors LLC boosted its stake in UGI by 1.6% in the second quarter. Garrison Point Advisors LLC now owns 18,455 shares of the utilities provider’s stock valued at $986,000 after acquiring an additional 295 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.
Shares of NYSE UGI opened at $48.57 on Wednesday. UGI has a 1 year low of $45.94 and a 1 year high of $59.31. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 17.73 and a beta of 0.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.08. The stock’s 50-day simple moving average is $49.09 and its 200-day simple moving average is $51.25.
UGI (NYSE:UGI) last announced its earnings results on Monday, August 5th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.07). UGI had a return on equity of 10.56% and a net margin of 4.46%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, research analysts predict that UGI will post 2.35 EPS for the current year.
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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