UGI (NYSE:UGI) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• UGI shares moved above their 50-day moving average of $37.65 on Friday, reaching $37.76 before last trading at $37.725, with volume of 880,518 shares.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $45.80. Recent recommendations range from “Hold” to “Outperform,” with price targets including $42, $46, and $54.
• Institutional investors and hedge funds own 82.34% of UGI shares; several firms recently disclosed new positions or increased holdings.

UGI Corporation (NYSE:UGI - Get Free Report) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $37.65 and traded as high as $37.76. UGI shares last traded at $37.7250, with a volume of 880,518 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UGI shares. Huntington started coverage on UGI in a research note on Monday, September 14th. They issued an "outperform" rating and a $54.00 price objective on the stock. Zacks Research raised UGI from a "strong sell" rating to a "hold" rating in a research note on Monday, October 26th. Wells Fargo & Company cut their price target on UGI from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. Scotiabank started coverage on UGI in a research report on Tuesday, September 29th. They issued an "outperform" rating and a $46.00 price target on the stock. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of UGI in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.80.

UGI Price Performance

The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 12.62 and a beta of 0.94. The stock's fifty day moving average price is $37.65 and its two-hundred day moving average price is $36.69. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28.

Institutional Trading of UGI

Institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust increased its holdings in shares of UGI by 80.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 322 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in UGI during the third quarter worth approximately $43,000. Aberdeen Wealth Management LLC purchased a new stake in UGI during the second quarter worth approximately $42,000. Versant Capital Management Inc boosted its holdings in UGI by 45.6% in the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 397 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in UGI in the second quarter valued at approximately $53,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

About UGI

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.

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