UGI (NYSE:UGI) PT Raised to $27.00

UGI (NYSE:UGI) had its target price boosted by analysts at Wells Fargo & Company from $26.00 to $27.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.10% from the company’s previous close.

Separately, StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

UGI Price Performance

UGI traded down $0.12 on Wednesday, reaching $25.21. The company had a trading volume of 515,502 shares, compared to its average volume of 2,143,133. The business has a 50 day simple moving average of $24.30 and a 200 day simple moving average of $24.15. UGI has a 52-week low of $20.19 and a 52-week high of $26.15. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The company has a market cap of $5.28 billion, a price-to-earnings ratio of -61.49 and a beta of 1.13.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. UGI had a net margin of 9.13% and a return on equity of 15.65%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.73 billion. The company’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, sell-side analysts anticipate that UGI will post 2.93 EPS for the current year.

Institutional Trading of UGI

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jupiter Asset Management Ltd. acquired a new position in shares of UGI during the 2nd quarter worth about $53,371,000. ProShare Advisors LLC grew its stake in UGI by 84.9% during the 2nd quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after purchasing an additional 1,122,766 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of UGI by 112.7% during the second quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock worth $46,383,000 after buying an additional 1,073,013 shares during the period. Federated Hermes Inc. lifted its position in shares of UGI by 28.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock worth $81,014,000 after purchasing an additional 788,457 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of UGI by 135.7% in the 2nd quarter. Millennium Management LLC now owns 1,096,382 shares of the utilities provider’s stock valued at $25,107,000 after purchasing an additional 631,124 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

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.