Shares of UGI Corp (NYSE:UGI) have earned an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $52.25.

UGI has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $54.00 price objective on shares of UGI in a research note on Friday, August 17th. ValuEngine raised UGI from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research lowered UGI from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Bank of America raised their price objective on UGI from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 29th. Finally, Barclays set a $53.00 price objective on UGI and gave the company a “sell” rating in a research note on Friday, October 12th.

In related news, insider Joseph L. Hartz sold 18,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $55.51, for a total value of $999,180.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.36% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of UGI by 1.0% during the third quarter. BlackRock Inc. now owns 17,109,830 shares of the utilities provider’s stock valued at $949,253,000 after purchasing an additional 173,166 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of UGI by 8.8% during the third quarter. Renaissance Technologies LLC now owns 2,420,650 shares of the utilities provider’s stock valued at $134,298,000 after purchasing an additional 196,000 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of UGI by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 2,127,568 shares of the utilities provider’s stock valued at $118,038,000 after purchasing an additional 17,683 shares in the last quarter. Northern Trust Corp boosted its stake in shares of UGI by 1.4% during the second quarter. Northern Trust Corp now owns 1,644,961 shares of the utilities provider’s stock valued at $85,654,000 after purchasing an additional 22,685 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of UGI by 12.9% during the third quarter. Wells Fargo & Company MN now owns 1,479,598 shares of the utilities provider’s stock valued at $82,087,000 after purchasing an additional 169,369 shares in the last quarter. 79.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE UGI traded down $1.03 during mid-day trading on Wednesday, reaching $56.91. The company had a trading volume of 1,117,050 shares, compared to its average volume of 831,442. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 1.15. UGI has a one year low of $42.51 and a one year high of $58.13. The stock has a market capitalization of $9.83 billion, a P/E ratio of 20.77, a PEG ratio of 2.44 and a beta of 0.51.

UGI (NYSE:UGI) last issued its quarterly earnings results on Monday, November 12th. The utilities provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.13. UGI had a return on equity of 12.02% and a net margin of 11.11%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned ($0.02) earnings per share. UGI’s revenue was up 14.3% on a year-over-year basis. Equities research analysts forecast that UGI will post 2.89 earnings per share for the current year.

About UGI

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

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Analyst Recommendations for UGI (NYSE:UGI)

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