UGI (NYSE:UGI) PT Raised to $27.00 at Mizuho

UGI (NYSE:UGI) had its price objective increased by equities researchers at Mizuho from $26.00 to $27.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price target indicates a potential upside of 13.45% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company lowered shares of UGI from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $27.00 to $28.00 in a report on Thursday, March 14th. Finally, TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st.

UGI Price Performance

UGI stock traded up $0.69 during trading hours on Wednesday, reaching $23.80. 1,449,358 shares of the stock were exchanged, compared to its average volume of 1,946,829. The company has a market cap of $4.99 billion, a P/E ratio of -10.82 and a beta of 1.16. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.59. UGI has a twelve month low of $20.19 and a twelve month high of $35.18. The stock has a 50 day moving average of $24.32 and a two-hundred day moving average of $23.17.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.98 billion. Equities analysts expect that UGI will post 2.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allstate Corp increased its stake in shares of UGI by 1.9% in the 1st quarter. Allstate Corp now owns 16,470 shares of the utilities provider’s stock valued at $597,000 after acquiring an additional 313 shares in the last quarter. Eaton Vance Management increased its stake in shares of UGI by 0.4% in the 1st quarter. Eaton Vance Management now owns 82,676 shares of the utilities provider’s stock valued at $2,995,000 after acquiring an additional 344 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of UGI by 6.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,444 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in UGI by 35.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 391 shares during the period. Finally, Stolper Co grew its position in UGI by 0.5% in the 1st quarter. Stolper Co now owns 78,764 shares of the utilities provider’s stock valued at $1,933,000 after purchasing an additional 430 shares during the period. Institutional investors own 82.34% of the company’s stock.

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.