UGI Corp (NYSE:UGI) Receives Consensus Rating of “Buy” from Analysts

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.

UGI (NYSE:UGI) last announced its earnings results on Monday, November 11th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). UGI had a return on equity of 8.65% and a net margin of 3.50%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned $2.74 EPS. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, equities analysts predict that UGI will post 2.76 EPS for the current year.

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.

About UGI

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.

Read More: What is a Real Estate Investment Trust (REIT)?

Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.