UGI (NYSE:UGI) Upgraded to “Outperform” at Mizuho

UGI (NYSE:UGI) was upgraded by stock analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has a $30.00 price target on the utilities provider’s stock, up from their previous price target of $27.00. Mizuho’s price target would indicate a potential upside of 29.06% from the company’s current price.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th.

UGI Price Performance

Shares of UGI stock opened at $23.25 on Friday. The business’s fifty day moving average is $24.27 and its 200 day moving average is $24.10. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 7.45 and a beta of 1.13. UGI has a twelve month low of $21.47 and a twelve month high of $26.15.

Hedge Funds Weigh In On UGI

Hedge funds have recently bought and sold shares of the company. FMR LLC raised its holdings in UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after buying an additional 2,786,878 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in UGI in the 2nd quarter worth approximately $53,371,000. ProShare Advisors LLC lifted its position in UGI by 84.9% in the 2nd quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock valued at $55,991,000 after acquiring an additional 1,122,766 shares in the last quarter. AQR Capital Management LLC boosted its stake in UGI by 112.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock valued at $46,383,000 after purchasing an additional 1,073,013 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of UGI by 47.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after purchasing an additional 808,113 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

About UGI

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.