UGI (NYSE:UGI) Stock Rating Upgraded by Wall Street Zen

UGI (NYSE:UGI) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Separately, Mizuho lifted their target price on shares of UGI from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th.

UGI Price Performance

UGI stock opened at $36.16 on Friday. The firm has a 50 day moving average price of $34.19 and a 200-day moving average price of $31.93. UGI has a 52-week low of $22.01 and a 52-week high of $36.62. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 2.26 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.41. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 EPS. Equities research analysts forecast that UGI will post 3.02 EPS for the current fiscal year.

Institutional Investors Weigh In On UGI

A number of hedge funds have recently modified their holdings of the business. AIA Group Ltd grew its position in shares of UGI by 1.8% during the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider’s stock valued at $509,000 after acquiring an additional 323 shares during the period. Wealthspire Advisors LLC boosted its holdings in UGI by 1.9% in the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider’s stock worth $581,000 after buying an additional 323 shares during the period. Belpointe Asset Management LLC boosted its holdings in UGI by 3.8% in the 1st quarter. Belpointe Asset Management LLC now owns 9,758 shares of the utilities provider’s stock worth $323,000 after buying an additional 359 shares during the period. Private Trust Co. NA boosted its holdings in UGI by 36.1% in the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider’s stock worth $46,000 after buying an additional 370 shares during the period. Finally, Quintet Private Bank Europe S.A. boosted its holdings in UGI by 25.3% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider’s stock worth $62,000 after buying an additional 380 shares during the period. 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.