UGI (NYSE:UGI) Stock Price Up 3.4% – Still a Buy?

UGI Co. (NYSE:UGI)’s stock price rose 3.4% during mid-day trading on Friday . The stock traded as high as $24.06 and last traded at $24.04. Approximately 454,352 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 2,097,407 shares. The stock had previously closed at $23.24.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UGI. Wells Fargo & Company raised their price target 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. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $27.00 to $30.00 in a research report on Friday.

UGI Stock Up 3.9 %

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 firm’s 50 day simple moving average is $24.25 and its 200 day simple moving average is $24.10. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 7.71 and a beta of 1.13.

Institutional Trading of UGI

A number of hedge funds have recently bought and sold shares of the company. Whittier Trust Co. lifted its position in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after buying an additional 598 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of UGI during the 2nd quarter worth about $32,000. Concord Wealth Partners increased its stake in UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 637 shares during the period. Duncker Streett & Co. Inc. bought a new stake in shares of UGI during the second quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in UGI in the second quarter worth about $40,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

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.