UGI (NYSE:UGI) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• UGI’s stock received a "hold (C-)" rating from Weiss Ratings, with Zacks Research and Wall Street Zen also giving it a "hold" and "buy" rating, respectively.
• The company's quarterly earnings showed an earnings per share of ($0.01), exceeding the consensus estimate of ($0.12), but its revenue of $1.39 billion fell short of expectations.
• The stock has a market capitalization of $6.96 billion and recently traded at $32.38, with a price-to-earnings ratio of 17.04.

UGI (NYSE:UGI - Get Free Report)'s stock had its "hold (c-)" rating reissued by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

UGI has been the subject of several other reports. Zacks Research raised shares of UGI to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen raised shares of UGI from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, UGI has an average rating of "Hold" and a consensus price target of $31.33.

UGI Trading Up 0.3%

UGI stock traded up $0.09 during mid-day trading on Wednesday, hitting $32.38. The company's stock had a trading volume of 3,875,451 shares, compared to its average volume of 1,979,099. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06. The business has a 50 day moving average price of $34.35 and a 200-day moving average price of $34.49. UGI has a 12 month low of $23.14 and a 12 month high of $37.42.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.11. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, analysts forecast that UGI will post 3.02 EPS for the current year.

Institutional Investors Weigh In On UGI

Hedge funds and other institutional investors have recently bought and sold shares of the business. CX Institutional purchased a new stake in UGI in the first quarter worth about $30,000. Private Trust Co. NA grew its holdings in shares of UGI by 36.1% during the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after buying an additional 370 shares during the last quarter. Quarry LP purchased a new stake in shares of UGI during the first quarter valued at approximately $51,000. Quintet Private Bank Europe S.A. grew its holdings in shares of UGI by 25.3% during the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after buying an additional 380 shares during the last quarter. Finally, SouthState Corp purchased a new stake in shares of UGI during the first quarter valued at approximately $62,000. Hedge funds and other 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.

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