UGI (NYSE:UGI) Stock Price Up 3.4% – Should You Buy?

UGI Co. (NYSE:UGI)’s share price rose 3.4% during mid-day trading on Friday . The company traded as high as $24.06 and last traded at $24.04. Approximately 454,352 shares were traded during trading, a decline of 78% from the average daily volume of 2,097,407 shares. The stock had previously closed at $23.24.

Wall Street Analyst Weigh In

Several analysts have weighed in on UGI shares. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company boosted their price objective on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $30.00 in a research report on Friday.

UGI Trading Up 3.9 %

The business’s 50 day simple moving average is $24.25 and its 200-day simple moving average is $24.10. The stock has a market capitalization of $5.18 billion, a P/E ratio of 7.71 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71.

Hedge Funds Weigh In On UGI

Several institutional investors have recently modified their holdings of UGI. Millburn Ridgefield Corp acquired a new stake in UGI in the third quarter worth $55,000. IHT Wealth Management LLC bought a new position in UGI in the third quarter valued at approximately $242,000. Ingalls & Snyder LLC lifted its position in UGI by 7.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 15,284 shares of the utilities provider’s stock valued at $382,000 after acquiring an additional 1,000 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in UGI in the 3rd quarter valued at approximately $7,050,000. Finally, Centiva Capital LP grew its position in UGI by 168.6% in the third quarter. Centiva Capital LP now owns 32,484 shares of the utilities provider’s stock valued at $813,000 after purchasing an additional 20,391 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

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.