UGI Corporation (NYSE:UGI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, October 5th.
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. “
Several other research firms have also recently weighed in on UGI. BidaskClub cut UGI Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Barclays PLC reiterated a “sell” rating and set a $45.00 price objective on shares of UGI Corporation in a research report on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $46.00 target price on shares of UGI Corporation in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. UGI Corporation currently has an average rating of “Hold” and an average target price of $48.00.
Shares of UGI Corporation (UGI) opened at 47.68 on Thursday. The firm’s 50-day moving average is $47.94 and its 200-day moving average is $49.11. The firm has a market cap of $8.27 billion, a P/E ratio of 21.69 and a beta of 0.67. UGI Corporation has a 1-year low of $41.79 and a 1-year high of $52.00.
UGI Corporation (NYSE:UGI) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.18 billion. UGI Corporation had a return on equity of 10.44% and a net margin of 6.48%. The firm’s quarterly revenue 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, analysts anticipate that UGI Corporation will post $2.28 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new stake in shares of UGI Corporation during the 2nd quarter worth $7,772,000. Captrust Financial Advisors acquired a new stake in shares of UGI Corporation during the 2nd quarter worth $527,000. Dorsey Wright & Associates grew its holdings in shares of UGI Corporation by 2.0% during the 2nd quarter. Dorsey Wright & Associates now owns 24,751 shares of the utilities provider’s stock worth $1,198,000 after purchasing an additional 493 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of UGI Corporation by 4,776.4% during the 2nd quarter. Schroder Investment Management Group now owns 292,584 shares of the utilities provider’s stock worth $14,179,000 after purchasing an additional 286,584 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in UGI Corporation by 13.2% in the second quarter. Neuberger Berman Group LLC now owns 21,764 shares of the utilities provider’s stock valued at $1,054,000 after buying an additional 2,540 shares in the last quarter. 77.57% of the stock is currently owned by institutional investors.
UGI Corporation 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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