UGI (NYSE:UGI) Hits New 12-Month High – Still a Buy?

UGI Co. (NYSE:UGI)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $26.15 and last traded at $26.06, with a volume of 647842 shares traded. The stock had previously closed at $24.78.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UGI. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Jefferies Financial Group started coverage on UGI in a research note on Friday. They set a “buy” rating and a $28.00 price objective for the company. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company raised their price target on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, UGI has an average rating of “Moderate Buy” and an average price target of $28.33.

UGI Trading Up 13.6 %

The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The stock has a 50 day moving average of $24.31 and a 200 day moving average of $24.07. The firm has a market cap of $6.05 billion, a P/E ratio of 8.35 and a beta of 1.13.

Hedge Funds Weigh In On UGI

Several institutional investors and hedge funds have recently made changes to their positions in the business. Easterly Investment Partners LLC boosted its position in UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after buying an additional 450 shares during the period. MetLife Investment Management LLC increased its stake in shares of UGI by 0.4% during the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock valued at $2,774,000 after buying an additional 489 shares during the period. GAMMA Investing LLC lifted its stake in UGI by 24.2% in the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 512 shares during the period. Signaturefd LLC boosted its holdings in UGI by 7.2% in the third quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock valued at $197,000 after acquiring an additional 531 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in UGI by 2.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 22,034 shares of the utilities provider’s stock valued at $551,000 after purchasing an additional 541 shares during the period. Institutional investors own 82.34% of the company’s stock.

About UGI

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.