Jefferies Financial Group Initiates Coverage on UGI (NYSE:UGI)

Stock analysts at Jefferies Financial Group assumed coverage on shares of UGI (NYSE:UGI) in a research note issued on Friday, Marketbeat.com reports. The firm set a “buy” rating and a $28.00 price target on the utilities provider’s stock. Jefferies Financial Group’s price target points to a potential downside of 1.75% from the company’s current price.

Several other equities research analysts have also recently commented on UGI. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, UGI presently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Stock Up 15.0 %

NYSE UGI opened at $28.50 on Friday. UGI has a one year low of $21.51 and a one year high of $28.66. The company has a market cap of $6.12 billion, a P/E ratio of 23.00 and a beta of 1.13. The business has a fifty day moving average price of $24.40 and a 200 day moving average price of $24.10. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91.

Institutional Investors Weigh In On UGI

Institutional investors and hedge funds have recently modified their holdings of the company. Easterly Investment Partners LLC increased its position in shares of UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after acquiring an additional 450 shares during the period. MetLife Investment Management LLC increased its position in shares of UGI by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock valued at $2,774,000 after purchasing an additional 489 shares during the last quarter. GAMMA Investing LLC increased its position in shares of UGI by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 512 shares during the last quarter. Signaturefd LLC lifted its position in shares of UGI by 7.2% during the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock worth $197,000 after purchasing an additional 531 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in UGI by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 22,034 shares of the utilities provider’s stock valued at $551,000 after buying an additional 541 shares during the last quarter. 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.