UGI (NYSE:UGI – Get Rating) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $41.00 price objective on the utilities provider’s stock, down from their previous price objective of $43.00. Bank of America‘s price target indicates a potential upside of 5.29% from the company’s previous close.
UGI has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on shares of UGI from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday. Barclays reduced their price objective on shares of UGI from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th. TheStreet downgraded shares of UGI from a “b-” rating to a “c+” rating in a research report on Monday, October 24th. Finally, StockNews.com assumed coverage on shares of UGI in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.67.
UGI Trading Down 3.7 %
Shares of UGI stock opened at $38.94 on Wednesday. UGI has a 52-week low of $31.19 and a 52-week high of $47.04. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.46 and a current ratio of 1.56. The company has a 50-day simple moving average of $34.89 and a two-hundred day simple moving average of $38.52. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.68 and a beta of 1.05.
Institutional Trading of UGI
Institutional investors have recently modified their holdings of the business. Allworth Financial LP lifted its stake in shares of UGI by 598.5% during the 2nd quarter. Allworth Financial LP now owns 915 shares of the utilities provider’s stock valued at $35,000 after buying an additional 784 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in UGI by 83.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,050 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 477 shares in the last quarter. Private Trust Co. NA purchased a new stake in UGI in the 2nd quarter worth approximately $44,000. Concourse Financial Group Securities Inc. lifted its stake in UGI by 46.7% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,276 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 406 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in UGI by 2,519.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,362 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,310 shares in the last quarter. 81.58% of the stock is currently owned by hedge funds and other institutional investors.
UGI Corporation 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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.
- Get a free copy of the StockNews.com research report on UGI (UGI)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Is the 60/40 Portfolio Mix Still in Vogue?
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.