UGI (NYSE:UGI) Upgraded at Mizuho

Mizuho upgraded shares of UGI (NYSE:UGI) from a neutral rating to an outperform rating in a research report report published on Friday morning, Marketbeat reports. They currently have $30.00 price objective on the utilities provider’s stock, up from their prior price objective of $27.00.

UGI has been the subject of a number of other reports. Wells Fargo & Company boosted their price objective on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

UGI Price Performance

UGI opened at $24.12 on Friday. The firm has a market cap of $5.18 billion, a PE ratio of 7.73 and a beta of 1.13. The stock has a 50-day moving average price of $24.25 and a 200-day moving average price of $24.07. UGI has a 1 year low of $21.47 and a 1 year high of $26.15. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71.

Institutional Investors Weigh In On UGI

Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after buying an additional 2,786,878 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of UGI by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after purchasing an additional 1,202,938 shares during the period. Federated Hermes Inc. increased its position in shares of UGI by 28.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after purchasing an additional 788,457 shares during the last quarter. LSV Asset Management boosted its holdings in shares of UGI by 13.3% in the second quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock worth $69,267,000 after buying an additional 356,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after buying an additional 808,113 shares during the period. 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.