UGI (NYSE:UGI) Raised to Outperform at Mizuho

Mizuho upgraded shares of UGI (NYSE:UGI) from a neutral rating to an outperform rating in a research report sent to investors on Friday, MarketBeat reports. They currently have $30.00 price target on the utilities provider’s stock, up from their previous price target of $27.00.

A number of other equities research analysts also recently issued reports on UGI. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company raised their price objective on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th.

UGI Price Performance

NYSE UGI traded up $0.88 during mid-day trading on Friday, hitting $24.12. The stock had a trading volume of 2,948,883 shares, compared to its average volume of 2,108,643. UGI has a 52-week low of $21.47 and a 52-week high of $26.15. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 7.73 and a beta of 1.13. The company has a 50 day simple moving average of $24.25 and a 200 day simple moving average of $24.08. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

Institutional Investors Weigh In On UGI

Several hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of UGI by 12.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 217,949 shares of the utilities provider’s stock worth $5,348,000 after buying an additional 24,740 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in UGI during the first quarter worth $6,545,000. Edgestream Partners L.P. boosted its position in UGI by 97.5% in the first quarter. Edgestream Partners L.P. now owns 247,538 shares of the utilities provider’s stock valued at $6,075,000 after buying an additional 122,183 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in UGI by 29.3% during the 1st quarter. Jacobi Capital Management LLC now owns 41,845 shares of the utilities provider’s stock valued at $1,027,000 after purchasing an additional 9,487 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of UGI in the first quarter valued at about $268,000. Hedge funds and other 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.