UGI (NYSE:UGI) Upgraded at Wall Street Zen

Key Points

• UGI has been upgraded from a "hold" to a "buy" rating by analysts at Wall Street Zen, indicating increased confidence in the stock's performance.
• The company reported earnings of ($0.01) per share, which beat consensus estimates, with a revenue of $1.39 billion for the quarter, a 1.0% year-over-year increase.
• Currently, UGI holds a market cap of $7.07 billion, with an average analyst rating of "Moderate Buy" and a consensus price target of $31.33.

UGI (NYSE:UGI - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

Separately, Zacks Research upgraded shares of UGI to a "hold" rating in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.33.

UGI Stock Down 0.4%

UGI stock traded down $0.12 during trading on Friday, hitting $32.78. 2,167,312 shares of the company's stock were exchanged, compared to its average volume of 1,952,895. The business has a 50-day moving average price of $35.16 and a two-hundred day moving average price of $34.50. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.57 and a beta of 1.07. UGI has a 52-week low of $23.14 and a 52-week high of $37.42. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI - Get Free Report) last posted its 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 firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.The firm's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. As a group, equities research analysts expect that UGI will post 3.02 EPS for the current year.

Institutional Investors Weigh In On UGI

Several large investors have recently modified their holdings of UGI. CX Institutional purchased a new position in UGI during the 1st quarter worth $30,000. Private Trust Co. NA raised its holdings in UGI by 36.1% during the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after purchasing an additional 370 shares in the last quarter. Quarry LP purchased a new position in UGI during the first quarter worth about $51,000. Quintet Private Bank Europe S.A. raised its stake in shares of UGI by 25.3% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock worth $62,000 after buying an additional 380 shares in the last quarter. Finally, SouthState Corp purchased a new position in shares of UGI during the 1st quarter worth approximately $62,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Company Profile

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.