UGI Corporation $UGI Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in UGI Corporation (NYSE:UGI) by 124.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,482 shares of the utilities provider’s stock after purchasing an additional 18,540 shares during the period. Vise Technologies Inc.’s holdings in UGI were worth $1,194,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Choreo LLC raised its stake in shares of UGI by 6.7% in the 3rd quarter. Choreo LLC now owns 38,226 shares of the utilities provider’s stock valued at $1,378,000 after acquiring an additional 2,410 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in UGI by 10.8% in the 3rd quarter. Childress Capital Advisors LLC now owns 21,177 shares of the utilities provider’s stock worth $755,000 after purchasing an additional 2,072 shares during the last quarter. Abundance Wealth Counselors lifted its holdings in UGI by 7.9% in the 3rd quarter. Abundance Wealth Counselors now owns 36,435 shares of the utilities provider’s stock worth $1,300,000 after purchasing an additional 2,653 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in UGI by 4.4% during the third quarter. Oppenheimer & Co. Inc. now owns 106,722 shares of the utilities provider’s stock worth $3,807,000 after purchasing an additional 4,467 shares during the period. Finally, Invested Advisors boosted its position in UGI by 21.7% during the third quarter. Invested Advisors now owns 7,570 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 1,352 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Trading Down 0.4%

UGI stock opened at $37.07 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.22 and a current ratio of 1.44. The business’s 50-day simple moving average is $37.71 and its 200-day simple moving average is $36.73. The firm has a market capitalization of $7.95 billion, a PE ratio of 12.40 and a beta of 0.94. UGI Corporation has a 52 week low of $31.65 and a 52 week high of $41.34.

UGI (NYSE:UGI) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. Equities research analysts forecast that UGI Corporation will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

UGI has been the topic of several analyst reports. Huntington assumed coverage on UGI in a report on Monday, September 14th. They set an “outperform” rating and a $54.00 price target on the stock. Scotiabank started 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. Wall Street Zen cut shares of UGI from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings downgraded shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of UGI from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.80.

About UGI

UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, it has developed into an operator and distributor of energy businesses serving residential, commercial, industrial and institutional customers.

Through UGI Utilities, the company distributes natural gas and provides electric utility service in parts of Pennsylvania. Its other operations include natural gas marketing, midstream services and energy-related activities in the United States, along with propane distribution through AmeriGas and liquefied petroleum gas distribution in Europe through UGI International.

UGI’s businesses serve customers across the United States and selected European markets.