Shares of UGI Corp (NYSE:UGI) have been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $56.00.
Several research analysts have recently commented on the company. UBS Group reduced their price target on UGI from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a report on Thursday. TheStreet lowered UGI from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Finally, Barclays reiterated a “sell” rating and set a $50.00 price target on shares of UGI in a report on Wednesday, October 16th.
UGI traded up $0.30 on Friday, hitting $44.00. 942,730 shares of the company’s stock were exchanged, compared to its average volume of 1,385,559. UGI has a fifty-two week low of $40.52 and a fifty-two week high of $59.31. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $47.07 and a 200-day moving average price of $50.21. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 19.30 and a beta of 0.54.
In related news, Director Frank S. Hermance acquired 93,731 shares of UGI stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average cost of $42.48 per share, for a total transaction of $3,981,692.88. Following the acquisition, the director now owns 343,731 shares in the company, valued at $14,601,692.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Roger Perreault acquired 2,357 shares of UGI stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of $42.45 per share, for a total transaction of $100,054.65. Following the completion of the acquisition, the executive vice president now owns 25,481 shares in the company, valued at approximately $1,081,668.45. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its holdings in UGI by 214.8% in the 3rd quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock valued at $29,000 after buying an additional 391 shares during the period. Liberty Wealth Management LLC purchased a new stake in UGI in the 3rd quarter valued at about $31,000. Atwater Malick LLC purchased a new stake in UGI in the 3rd quarter valued at about $31,000. Financial Architects Inc increased its stake in UGI by 134.9% during the third quarter. Financial Architects Inc now owns 754 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 433 shares during the period. Finally, Bogart Wealth LLC purchased a new stake in UGI during the third quarter worth about $40,000. Hedge funds and other institutional investors own 88.80% of the company’s stock.
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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