UGI (UGI) Lifted to “Buy” at Zacks Investment Research

UGI (NYSE:UGI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $53.00 target price on the utilities provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 13.30% from the company’s current price.

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. “

Separately, Barclays reaffirmed a “sell” rating and set a $48.00 target price on shares of UGI in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $48.67.

UGI (NYSE:UGI) opened at $46.78 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 1.00. The firm has a market cap of $8,100.00, a P/E ratio of 20.43 and a beta of 0.68. UGI has a 1-year low of $45.03 and a 1-year high of $52.00.

Institutional investors have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC acquired a new stake in UGI in the 3rd quarter valued at $323,000. Captrust Financial Advisors acquired a new stake in UGI in the 2nd quarter valued at $527,000. FDx Advisors Inc. acquired a new stake in UGI in the 3rd quarter valued at $547,000. Xact Kapitalforvaltning AB grew its stake in UGI by 10.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock valued at $690,000 after acquiring an additional 1,336 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in UGI by 13.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 21,764 shares of the utilities provider’s stock valued at $1,054,000 after acquiring an additional 2,540 shares during the period. 77.00% of the stock is currently owned by hedge funds and other institutional investors.

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UGI 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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