UGI (NYSE:UGI) Coverage Initiated at Jefferies Financial Group

Research analysts at Jefferies Financial Group started coverage on shares of UGI (NYSE:UGI) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $28.00 price target on the utilities provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 12.76% from the stock’s current price.

Several other equities analysts have also weighed in on the company. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $30.00 in a research note on Friday, November 15th. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company increased their price objective on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, UGI presently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Trading Up 2.1 %

Shares of UGI opened at $24.83 on Friday. The stock’s fifty day simple moving average is $24.31 and its 200 day simple moving average is $24.07. UGI has a twelve month low of $21.51 and a twelve month high of $26.15. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $5.33 billion, a P/E ratio of 7.96 and a beta of 1.13.

Institutional Trading of UGI

A number of hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of UGI during the first quarter worth about $268,000. Gabelli Funds LLC increased its holdings in UGI by 5.4% during the 1st quarter. Gabelli Funds LLC now owns 548,100 shares of the utilities provider’s stock worth $13,450,000 after purchasing an additional 28,000 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of UGI by 31.4% in the 1st quarter. Quadrature Capital Ltd now owns 69,836 shares of the utilities provider’s stock valued at $1,714,000 after purchasing an additional 16,684 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of UGI by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 118,947 shares of the utilities provider’s stock valued at $2,919,000 after buying an additional 6,407 shares during the last quarter. Finally, Energy Income Partners LLC grew its position in shares of UGI by 5.1% during the first quarter. Energy Income Partners LLC now owns 198,866 shares of the utilities provider’s stock worth $4,880,000 after buying an additional 9,650 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

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.