UGI Corporation (NYSE:UGI) Upgraded by Zacks Investment Research to Hold
UGI Corporation (NYSE:UGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “UGI Corporation is a holding company that operates propane distribution, gas and electric utility, energy marketing and related businesses through subsidiaries. Our majority-owned subsidiary, AmeriGas Partners, L.P., a Delaware limited partnership, conducts one of the nation’s largest retail propane distribution businesses through its subsidiary AmeriGas Propane, L.P. “
Several other equities analysts also recently commented on UGI. Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 target price on shares of UGI Corporation in a research report on Friday. BidaskClub downgraded UGI Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Barclays PLC dropped their target price on UGI Corporation from $44.00 to $43.00 and set an “underweight” rating for the company in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. UGI Corporation currently has an average rating of “Hold” and a consensus price target of $47.60.
Shares of UGI Corporation (NYSE:UGI) opened at 49.225 on Tuesday. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 18.561 and a beta of 0.67. The stock has a 50 day moving average price of $49.86 and a 200-day moving average price of $48.31. UGI Corporation has a 52 week low of $41.79 and a 52 week high of $52.00.
UGI Corporation (NYSE:UGI) last announced its quarterly earnings data on Monday, May 1st. The utilities provider reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.32 by $0.01. UGI Corporation had a return on equity of 11.06% and a net margin of 7.84%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. UGI Corporation’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast that UGI Corporation will post $2.34 earnings per share for the current year.
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In other UGI Corporation news, insider Joseph L. Hartz sold 15,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $51.65, for a total value of $774,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anne Pol sold 6,750 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $50.61, for a total value of $341,617.50. Following the completion of the transaction, the director now owns 12,062 shares of the company’s stock, valued at $610,457.82. The disclosure for this sale can be found here. Insiders sold 97,250 shares of company stock valued at $4,954,218 over the last quarter. Corporate insiders own 2.20% of the company’s stock.
Several large investors have recently modified their holdings of UGI. Vanguard Group Inc. boosted its stake in shares of UGI Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 18,875,325 shares of the utilities provider’s stock valued at $932,441,000 after buying an additional 666,792 shares during the last quarter. BlackRock Inc. boosted its stake in shares of UGI Corporation by 4,111.8% in the first quarter. BlackRock Inc. now owns 17,048,089 shares of the utilities provider’s stock valued at $842,176,000 after buying an additional 16,643,321 shares during the last quarter. State Street Corp boosted its stake in shares of UGI Corporation by 1.2% in the first quarter. State Street Corp now owns 9,193,907 shares of the utilities provider’s stock valued at $454,179,000 after buying an additional 107,289 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of UGI Corporation by 3.1% in the first quarter. First Eagle Investment Management LLC now owns 7,121,890 shares of the utilities provider’s stock valued at $351,821,000 after buying an additional 213,192 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of UGI Corporation by 2.2% in the first quarter. AQR Capital Management LLC now owns 4,247,359 shares of the utilities provider’s stock valued at $209,820,000 after buying an additional 91,005 shares during the last quarter. 78.29% of the stock is owned by institutional investors.
About UGI Corporation
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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