UGI (NYSE:UGI) Downgraded by Bank of America to Underperform

UGI (NYSE:UGIGet 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.

Insider Activity

In other news, VP Monica M. Gaudiosi sold 75,000 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total transaction of $2,648,250.00. Following the completion of the transaction, the vice president now directly owns 61,109 shares of the company’s stock, valued at approximately $2,157,758.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Roger Perreault sold 16,341 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $35.01, for a total transaction of $572,098.41. Following the sale, the chief executive officer now directly owns 37,560 shares in the company, valued at approximately $1,314,975.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Monica M. Gaudiosi sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total transaction of $2,648,250.00. Following the sale, the vice president now owns 61,109 shares in the company, valued at $2,157,758.79. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.

About UGI

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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.

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