Shares of UGI Corp (NYSE:UGI) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $52.25.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $54.00 price objective on shares of UGI in a research report on Friday, August 17th. Bank of America lifted their price objective on shares of UGI from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. Barclays set a $53.00 price objective on shares of UGI and gave the stock a “sell” rating in a research report on Friday, October 12th. Finally, ValuEngine raised shares of UGI from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th.
UGI stock opened at $56.03 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 0.99. UGI has a one year low of $42.51 and a one year high of $56.22. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 2.40 and a beta of 0.51.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. raised its stake in UGI by 199.4% in the third quarter. Hennessy Advisors Inc. now owns 759,752 shares of the utilities provider’s stock valued at $42,151,000 after purchasing an additional 506,000 shares in the last quarter. First Quadrant L P CA acquired a new position in UGI in the third quarter valued at about $21,862,000. Renaissance Technologies LLC raised its stake in UGI by 17.7% in the second quarter. Renaissance Technologies LLC now owns 2,224,650 shares of the utilities provider’s stock valued at $115,838,000 after purchasing an additional 335,000 shares in the last quarter. Allianz Asset Management GmbH raised its stake in UGI by 754.7% in the first quarter. Allianz Asset Management GmbH now owns 358,643 shares of the utilities provider’s stock valued at $15,931,000 after purchasing an additional 316,683 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in UGI in the second quarter valued at about $14,289,000. 79.42% of the stock is owned by institutional investors.
UGI Company Profile
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
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