Mizuho Upgrades UGI (NYSE:UGI) to “Outperform”

UGI (NYSE:UGI) was upgraded by research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a $30.00 price objective on the utilities provider’s stock, up from their previous price objective of $27.00. Mizuho’s price target would suggest a potential upside of 24.38% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

UGI Price Performance

Shares of NYSE UGI opened at $24.12 on Friday. The stock’s 50-day simple moving average is $24.25 and its two-hundred day simple moving average is $24.08. UGI has a twelve month low of $21.47 and a twelve month high of $26.15. The firm has a market capitalization of $5.18 billion, a P/E ratio of 7.73 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Whittier Trust Co. grew its holdings in shares of UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 598 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of UGI during the second quarter valued at about $32,000. Concord Wealth Partners increased its holdings in shares of UGI by 100.0% in the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after buying an additional 637 shares during the period. Duncker Streett & Co. Inc. bought a new stake in shares of UGI in the 2nd quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in UGI during the 2nd quarter valued at about $40,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

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.