UGI (NYSE:UGI) Upgraded at Mizuho

UGI (NYSE:UGI) was upgraded by equities researchers at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, MarketBeat reports. The firm currently has a $30.00 target price on the utilities provider’s stock, up from their previous target price of $27.00. Mizuho’s price objective indicates a potential upside of 29.06% from the company’s previous close.

Other analysts have also issued research reports about the company. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company boosted their price target 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 Trading Down 1.0 %

Shares of UGI stock opened at $23.25 on Friday. The stock has a market capitalization of $4.99 billion, a P/E ratio of 7.45 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The firm’s 50 day moving average is $24.27 and its 200 day moving average is $24.10. UGI has a 12-month low of $21.47 and a 12-month high of $26.15.

Hedge Funds Weigh In On UGI

Institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after purchasing an additional 2,786,878 shares during the period. Federated Hermes Inc. grew its stake in shares of UGI by 28.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after acquiring an additional 788,457 shares during the period. LSV Asset Management increased its holdings in UGI by 13.3% in the 2nd quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock worth $69,267,000 after acquiring an additional 356,200 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in UGI by 47.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after acquiring an additional 808,113 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in UGI by 84.9% during the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock valued at $55,991,000 after purchasing an additional 1,122,766 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

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.