UGI (NYSE:UGI) Price Target Cut to $27.00

UGI (NYSE:UGI) had its price objective dropped by stock analysts at Wells Fargo & Company from $28.00 to $27.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 11.11% from the company’s current price.

A number of other brokerages also recently weighed in on UGI. TheStreet raised UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Mizuho lifted their target price on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th.

UGI Trading Up 0.3 %

UGI opened at $24.30 on Friday. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of -59.27 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. UGI has a twelve month low of $20.19 and a twelve month high of $32.50. The company has a 50-day simple moving average of $24.63 and a 200 day simple moving average of $23.49.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 16.18%. The firm’s quarterly revenue was down 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 EPS. Analysts predict that UGI will post 2.9 EPS for the current fiscal year.

Hedge Funds Weigh In On UGI

A number of institutional investors and hedge funds have recently bought and sold shares of UGI. WBI Investments LLC acquired a new stake in shares of UGI during the first quarter valued at about $2,516,000. Csenge Advisory Group boosted its position in UGI by 9.0% during the 1st quarter. Csenge Advisory Group now owns 17,943 shares of the utilities provider’s stock worth $440,000 after buying an additional 1,487 shares during the period. Easterly Investment Partners LLC bought a new stake in UGI during the 1st quarter worth approximately $1,005,000. GSA Capital Partners LLP increased its position in UGI by 962.1% in the 1st quarter. GSA Capital Partners LLP now owns 149,186 shares of the utilities provider’s stock valued at $3,661,000 after acquiring an additional 135,140 shares during the period. Finally, Haverford Trust Co bought a new position in shares of UGI during the first quarter valued at $196,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

About UGI

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.