UGI Corporation (UGI) Upgraded to “Hold” by BidaskClub
UGI Corporation (NYSE:UGI) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Monday.
A number of other research analysts also recently commented on UGI. Zacks Investment Research raised UGI Corporation from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday, April 12th. Jefferies Group LLC reissued a “hold” rating and issued a $46.00 price target on shares of UGI Corporation in a report on Wednesday, April 19th. Finally, Barclays PLC cut their price target on UGI Corporation from $44.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.00.
UGI Corporation (NYSE:UGI) traded down 0.71% on Monday, reaching $50.33. The company’s stock had a trading volume of 479,351 shares. The firm’s 50 day moving average price is $49.62 and its 200-day moving average price is $48.65. UGI Corporation has a 52 week low of $41.79 and a 52 week high of $52.00. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 18.98 and a beta of 0.67.
UGI Corporation (NYSE:UGI) last released its earnings results on Monday, May 1st. The utilities provider reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by $0.01. UGI Corporation had a return on equity of 11.06% and a net margin of 7.84%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the business earned $1.24 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities analysts predict that UGI Corporation will post $2.31 EPS for the current year.
In related news, CEO John L. Walsh sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $50.90, for a total value of $2,545,000.00. Following the sale, the chief executive officer now directly owns 477,617 shares in the company, valued at approximately $24,310,705.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne Pol sold 6,750 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 12,062 shares in the company, valued at $610,457.82. The disclosure for this sale can be found here. In the last three months, insiders sold 97,250 shares of company stock worth $4,954,218. Company insiders own 2.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of UGI. Invictus RG acquired a new stake in UGI Corporation during the first quarter valued at approximately $157,000. Penserra Capital Management LLC boosted its stake in UGI Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 3,404 shares of the utilities provider’s stock valued at $168,000 after buying an additional 296 shares in the last quarter. Steinberg Global Asset Management acquired a new stake in UGI Corporation during the first quarter valued at approximately $204,000. Quadrature Capital Ltd acquired a new stake in UGI Corporation during the fourth quarter valued at approximately $208,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in UGI Corporation by 6.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,623 shares of the utilities provider’s stock valued at $214,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.
UGI Corporation Company Profile
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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