UGI (UGI) PT Raised to $54.00 at Bank of America

UGI (NYSE:UGI) had its price target increased by Bank of America from $52.00 to $54.00 in a research report report published on Monday morning, Marketbeat Ratings reports. Bank of America currently has a neutral rating on the utilities provider’s stock.

UGI has been the topic of a number of other reports. ValuEngine upgraded shares of UGI from a hold rating to a buy rating in a research report on Thursday, October 11th. Zacks Investment Research downgraded shares of UGI from a buy rating to a hold rating in a research report on Saturday, July 7th. Barclays set a $53.00 price target on shares of UGI and gave the company a sell rating in a research report on Friday, October 12th. Finally, Jefferies Financial Group reiterated a hold rating and issued a $54.00 price target on shares of UGI in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $52.60.

Shares of NYSE:UGI opened at $53.06 on Monday. The company has a market capitalization of $9.26 billion, a P/E ratio of 23.17, a PEG ratio of 2.29 and a beta of 0.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 1.15. UGI has a fifty-two week low of $42.51 and a fifty-two week high of $56.22.



UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.31 billion. UGI had a net margin of 11.09% and a return on equity of 11.89%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, analysts forecast that UGI will post 2.75 EPS for the current fiscal year.

In other UGI news, insider Joseph L. Hartz sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $55.51, for a total transaction of $999,180.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.36% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its holdings in UGI by 25.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 164,612 shares of the utilities provider’s stock worth $9,136,000 after buying an additional 33,398 shares during the period. V Wealth Management LLC acquired a new stake in shares of UGI in the third quarter valued at approximately $1,935,000. Acadian Asset Management LLC raised its holdings in shares of UGI by 729.7% in the third quarter. Acadian Asset Management LLC now owns 65,776 shares of the utilities provider’s stock valued at $3,649,000 after purchasing an additional 57,848 shares during the last quarter. First National Bank & Trust Co. of Newtown acquired a new stake in shares of UGI in the third quarter valued at approximately $206,000. Finally, Arizona State Retirement System raised its holdings in shares of UGI by 2.7% in the third quarter. Arizona State Retirement System now owns 123,451 shares of the utilities provider’s stock valued at $6,849,000 after purchasing an additional 3,259 shares during the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.

UGI Company Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

Further Reading: Cash Flow

Analyst Recommendations for UGI (NYSE:UGI)

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