UGI Corporation (NYSE:UGI) Stock Has Consensus Target Price of $45.80

UGI Corporation (NYSE:UGI) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $45.80.

UGI has been the topic of several research reports. Weiss Ratings downgraded UGI from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Huntington started coverage on UGI in a research report on Monday, September 14th. They set an “outperform” rating and a $54.00 price target for the company. Wells Fargo & Company cut their price objective on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Zacks Research upgraded UGI from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Jefferies Financial Group upgraded shares of UGI from a “hold” rating to a “buy” rating and increased their price target for the stock from $40.00 to $43.00 in a report on Wednesday, September 9th.

UGI Stock Down 0.1%

UGI stock opened at $38.12 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. UGI has a 52 week low of $31.65 and a 52 week high of $41.34. The stock has a market capitalization of $8.18 billion, a PE ratio of 12.75 and a beta of 0.94. The firm has a 50 day moving average of $37.76 and a 200 day moving average of $36.73.

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

Institutional Trading of UGI

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its holdings in shares of UGI by 80.1% during the second quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 322 shares during the last quarter. Aberdeen Wealth Management LLC acquired a new stake in UGI during the 2nd quarter worth about $42,000. TD Waterhouse Canada Inc. acquired a new stake in UGI during the 3rd quarter worth about $43,000. Versant Capital Management Inc grew its position in UGI by 45.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 397 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of UGI during the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

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.