UGI (NYSE:UGI) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of UGI (NYSE:UGI) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other research analysts also recently weighed in on the stock. Scotiabank started coverage on shares of UGI in a research report on Tuesday, September 29th. They set an “outperform” rating and a $46.00 target price for the company. Zacks Research upgraded shares of UGI from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Wells Fargo & Company lowered their price target on shares of UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Jefferies Financial Group upgraded UGI from a “hold” rating to a “buy” rating and upped their price objective for the company from $40.00 to $43.00 in a research note on Wednesday, September 9th. Finally, Huntington started coverage on UGI in a report on Monday, September 14th. They set an “outperform” rating and a $54.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

UGI Trading Up 1.1%

NYSE UGI opened at $37.45 on Friday. The business’s fifty day moving average is $37.69 and its 200-day moving average is $36.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 13.05 and a beta of 0.94. UGI has a one year low of $31.65 and a one year high of $41.34.

Institutional Trading of UGI

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

About UGI

UGI Corporation is a diversified energy company based in King of Prussia, Pennsylvania. Its businesses distribute and market natural gas, propane and other energy products, and provide related services to residential, commercial and industrial customers.

In the United States, UGI operates regulated natural gas and electric utilities in Pennsylvania, supplies natural gas and electricity through its energy-marketing business, and owns energy-related infrastructure. Its propane operations include AmeriGas, which serves customers across the country.

UGI also distributes liquefied petroleum gas in Europe through UGI International.