UGI (NYSE:UGI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “UGI Corporation is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services. They are a domestic and international retail distributor of propane and butane (which are liquefied petroleum gases (LPG)); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services. “
Separately, Barclays dropped their target price on UGI from $48.00 to $47.00 and set an “underweight” rating on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. UGI currently has a consensus rating of “Hold” and a consensus target price of $48.67.
Shares of UGI (NYSE UGI) traded up $0.25 during midday trading on Friday, reaching $47.60. The company had a trading volume of 786,000 shares, compared to its average volume of 824,700. The stock has a market capitalization of $8,240.00, a price-to-earnings ratio of 19.35 and a beta of 0.68. UGI has a 52-week low of $45.04 and a 52-week high of $52.00. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acropolis Investment Management LLC purchased a new stake in UGI in the fourth quarter valued at approximately $248,000. Kistler Tiffany Companies LLC boosted its position in UGI by 41.6% in the fourth quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock valued at $198,000 after buying an additional 1,242 shares during the last quarter. Prudential Financial Inc. boosted its position in UGI by 12.2% in the third quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock valued at $104,248,000 after buying an additional 241,470 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in UGI by 8.8% in the third quarter. Parametric Portfolio Associates LLC now owns 528,435 shares of the utilities provider’s stock valued at $24,762,000 after buying an additional 42,601 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC purchased a new stake in UGI in the 3rd quarter worth approximately $323,000. Hedge funds and other institutional investors own 77.00% of the company’s stock.
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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