UGI (NYSE:UGI) Stock Gets Downgrade from Wall Street Zen

UGI (NYSE:UGI) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

UGI has been the subject of a number of other reports. Huntington initiated coverage on UGI in a report on Monday, September 14th. They issued an “outperform” rating and a $54.00 target price for the company. Jefferies Financial Group upgraded UGI from a “hold” rating to a “buy” rating and upped their price target for the stock from $40.00 to $43.00 in a report on Wednesday, September 9th. Zacks Research upgraded UGI from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Wells Fargo & Company reduced their price target on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, Scotiabank initiated coverage on UGI in a research note on Tuesday, September 29th. They issued an “outperform” rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.80.

UGI Stock Performance

NYSE:UGI opened at $37.07 on Friday. The company has a fifty day simple moving average of $37.71 and a two-hundred day simple moving average of $36.73. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 12.40 and a beta of 0.94. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. UGI has a 52 week low of $31.65 and a 52 week high of $41.34.

Institutional Investors Weigh In On UGI

Institutional investors have recently modified their holdings of the company. Hamel Associates Inc. boosted its position in shares of UGI by 113.0% in the 3rd quarter. Hamel Associates Inc. now owns 15,975 shares of the utilities provider’s stock valued at $570,000 after purchasing an additional 8,475 shares during the period. SVB Wealth LLC acquired a new position in UGI during the third quarter worth approximately $248,000. Eurizon Capital SGR S.p.A. increased its position in UGI by 10.0% during the third quarter. Eurizon Capital SGR S.p.A. now owns 5,814 shares of the utilities provider’s stock worth $211,000 after buying an additional 529 shares during the period. Maryland State Retirement & Pension System increased its position in UGI by 16.5% during the third quarter. Maryland State Retirement & Pension System now owns 11,706 shares of the utilities provider’s stock worth $418,000 after buying an additional 1,659 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in UGI during the third quarter worth approximately $274,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Company Profile

UGI Corporation is a diversified energy company based in King of Prussia, Pennsylvania. Its businesses distribute and market natural gas, propane and other energy products, and provide related services to residential, commercial and industrial customers.

In the United States, UGI operates regulated natural gas and electric utilities in Pennsylvania, supplies natural gas and electricity through its energy-marketing business, and owns energy-related infrastructure. Its propane operations include AmeriGas, which serves customers across the country.

UGI also distributes liquefied petroleum gas in Europe through UGI International.