UGI Corporation (NYSE:UGI) Stock Has Average Price Target of $45.80 According to Analysts

Shares of UGI Corporation (NYSE:UGI) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $45.80.

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of UGI from a “hold” rating to a “buy” rating and raised their target price for the stock from $40.00 to $43.00 in a research report on Wednesday, September 9th. Wall Street Zen lowered UGI from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. Huntington began coverage on UGI in a research note on Monday, September 14th. They set an “outperform” rating and a $54.00 price target on the stock. Wells Fargo & Company decreased their price objective on UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, Scotiabank began coverage on shares of UGI in a research note on Tuesday, September 29th. They issued an “outperform” rating and a $46.00 price objective for the company.

UGI Trading Down 0.1%

Shares of UGI opened at $37.49 on Thursday. UGI has a 1-year low of $31.65 and a 1-year high of $41.34. The company has a 50-day moving average of $37.66 and a 200 day moving average of $36.71. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 12.54 and a beta of 0.94. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new stake in UGI during the second quarter valued at approximately $73,069,000. Russell Investments Group Ltd. grew its holdings in UGI by 75.7% in the second quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider’s stock worth $46,130,000 after purchasing an additional 575,239 shares during the last quarter. Energy Income Partners LLC grew its holdings in UGI by 1.5% in the second quarter. Energy Income Partners LLC now owns 1,302,403 shares of the utilities provider’s stock worth $44,985,000 after purchasing an additional 18,808 shares during the last quarter. Private Management Group Inc. grew its holdings in UGI by 4.4% in the third quarter. Private Management Group Inc. now owns 1,104,312 shares of the utilities provider’s stock worth $39,391,000 after purchasing an additional 46,424 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of UGI by 11.6% during the second quarter. Allianz Asset Management GmbH now owns 662,274 shares of the utilities provider’s stock worth $22,875,000 after purchasing an additional 69,054 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

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.