UGI (NYSE:UGI) Price Target Raised to $44.00

UGI (NYSE:UGI) had its price target lifted by equities research analysts at Mizuho from $41.00 to $44.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price target points to a potential upside of 15.29% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of UGI in a research report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $45.00 price target on shares of UGI in a research note on Wednesday, November 19th. Finally, Wall Street Zen cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, UGI currently has an average rating of “Moderate Buy” and an average price target of $44.50.

UGI Stock Up 0.3%

Shares of UGI opened at $38.17 on Monday. The firm has a 50 day simple moving average of $34.98 and a two-hundred day simple moving average of $35.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.89 and a quick ratio of 0.70. UGI has a one year low of $26.73 and a one year high of $39.59. The company has a market cap of $8.19 billion, a P/E ratio of 12.27 and a beta of 1.05.

UGI (NYSE:UGI) last issued its earnings results on Friday, November 21st. The utilities provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.21. UGI had a return on equity of 15.07% and a net margin of 9.30%.The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the business posted ($1.27) EPS. The company’s revenue was down 3.6% compared to the same quarter last year. Research analysts forecast that UGI will post 3.02 EPS for the current fiscal year.

Insider Activity

In related news, insider Joseph L. Hartz sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $38.68, for a total value of $580,200.00. Following the completion of the transaction, the insider owned 33,492 shares in the company, valued at $1,295,470.56. This trade represents a 30.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UGI

Institutional investors have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC acquired a new position in UGI in the 3rd quarter valued at approximately $33,000. Bare Financial Services Inc grew its stake in shares of UGI by 103.8% in the third quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 685 shares during the last quarter. Quarry LP acquired a new stake in UGI in the first quarter valued at $51,000. Wealth Preservation Advisors LLC acquired a new stake in UGI in the first quarter valued at $86,000. Finally, Cullen Frost Bankers Inc. bought a new position in UGI during the 2nd quarter worth $86,000. 82.34% of the stock is owned by institutional investors.

UGI Company Profile

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.