Mizuho Increases UGI (NYSE:UGI) Price Target to $27.00

UGI (NYSE:UGI) had its price target upped by analysts at Mizuho from $26.00 to $27.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. Mizuho’s target price suggests a potential upside of 13.49% from the stock’s previous close.

Several other brokerages have also issued reports on UGI. StockNews.com raised shares of UGI from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company lowered shares of UGI from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $27.00 to $28.00 in a report on Thursday, March 14th. Finally, TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st.

UGI Stock Performance

Shares of UGI stock opened at $23.79 on Wednesday. The firm has a fifty day moving average of $24.34 and a two-hundred day moving average of $23.18. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of -10.81 and a beta of 1.16. UGI has a 52 week low of $20.19 and a 52 week high of $35.18. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. As a group, equities research analysts predict that UGI will post 2.9 EPS for the current year.

Hedge Funds Weigh In On UGI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UGI. US Bancorp DE boosted its stake in UGI by 35.2% in the 1st quarter. US Bancorp DE now owns 16,028 shares of the utilities provider’s stock worth $580,000 after purchasing an additional 4,176 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of UGI by 13.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider’s stock worth $484,000 after buying an additional 1,618 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of UGI by 7.9% during the 1st quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider’s stock worth $2,704,000 after buying an additional 5,396 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of UGI by 23.0% during the 1st quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider’s stock worth $1,399,000 after buying an additional 7,225 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of UGI by 7.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider’s stock worth $6,489,000 after buying an additional 11,826 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Company Profile

UGI Corporation, together with its subsidiaries, 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 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.