UGI Corporation (NYSE:UGI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

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. “

A number of other research analysts have also recently issued reports on UGI. BidaskClub raised shares of UGI Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $46.00 target price on shares of UGI Corporation in a report on Friday, July 14th. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $45.00 target price on shares of UGI Corporation in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. UGI Corporation currently has a consensus rating of “Hold” and an average price target of $48.00.

Shares of UGI Corporation (UGI) traded down 0.57% during trading on Thursday, hitting $46.79. The stock had a trading volume of 759,127 shares. UGI Corporation has a 12-month low of $41.79 and a 12-month high of $52.00. The stock’s 50-day moving average is $48.33 and its 200-day moving average is $49.23. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 21.29 and a beta of 0.67.

UGI Corporation (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. UGI Corporation had a net margin of 6.48% and a return on equity of 10.44%. UGI Corporation’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, equities research analysts expect that UGI Corporation will post $2.28 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Invictus RG purchased a new position in shares of UGI Corporation during the 1st quarter worth approximately $157,000. Colony Group LLC purchased a new position in shares of UGI Corporation during the 1st quarter worth approximately $256,000. Highbridge Capital Management LLC purchased a new position in shares of UGI Corporation during the 1st quarter worth approximately $275,000. River Wealth Advisors LLC increased its stake in shares of UGI Corporation by 0.8% during the 1st quarter. River Wealth Advisors LLC now owns 5,671 shares of the utilities provider’s stock worth $280,000 after purchasing an additional 47 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of UGI Corporation during the 1st quarter worth approximately $297,000. 77.59% of the stock is owned by institutional investors and hedge funds.

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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