Barclays Reaffirms “Sell” Rating for UGI (NYSE:UGI)

UGI (NYSE:UGI)‘s stock had its “sell” rating reissued by equities researchers at Barclays in a research note issued on Friday, February 2nd. They presently have a $47.00 price objective on the utilities provider’s stock. Barclays’ price target indicates a potential upside of 8.57% from the stock’s current price.

Separately, Zacks Investment Research lowered UGI from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th.

Shares of UGI (UGI) opened at $43.29 on Friday. UGI has a twelve month low of $42.51 and a twelve month high of $52.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market capitalization of $7,614.36, a PE ratio of 18.41 and a beta of 0.58.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.08. UGI had a return on equity of 10.88% and a net margin of 8.71%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. research analysts anticipate that UGI will post 2.62 EPS for the current fiscal year.

In related news, insider Roger Perreault purchased 2,270 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average price of $43.97 per share, for a total transaction of $99,811.90. Following the completion of the transaction, the insider now owns 21,049 shares in the company, valued at approximately $925,524.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.36% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. grew its position in UGI by 12.2% in the third quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock worth $104,248,000 after acquiring an additional 241,470 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in UGI by 8.8% in the third quarter. Parametric Portfolio Associates LLC now owns 528,435 shares of the utilities provider’s stock worth $24,762,000 after acquiring an additional 42,601 shares in the last quarter. Foster & Motley Inc. grew its position in UGI by 7.3% in the third quarter. Foster & Motley Inc. now owns 100,244 shares of the utilities provider’s stock worth $4,697,000 after acquiring an additional 6,810 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new position in shares of UGI during the third quarter valued at approximately $323,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of UGI by 2.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 352,690 shares of the utilities provider’s stock valued at $16,527,000 after buying an additional 9,403 shares during the period. Institutional investors own 77.42% of the company’s stock.

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About UGI

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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