UGI (NYSE:UGI) Upgraded by Mizuho to Outperform Rating

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

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

UGI Stock Up 3.8 %

Shares of UGI traded up $0.88 on Friday, hitting $24.12. 2,948,883 shares of the stock traded hands, compared to its average volume of 2,108,643. The company has a market capitalization of $5.18 billion, a PE ratio of 7.73 and a beta of 1.13. UGI has a one year low of $21.47 and a one year high of $26.15. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The business has a 50 day simple moving average of $24.25 and a 200 day simple moving average of $24.08.

Institutional Investors Weigh In On UGI

Large investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after purchasing an additional 2,786,878 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of UGI during the second quarter worth $53,371,000. Geode Capital Management LLC lifted its position in shares of UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock worth $127,246,000 after purchasing an additional 1,202,938 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of UGI by 84.9% in the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after acquiring an additional 1,122,766 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of UGI by 112.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock valued at $46,383,000 after buying an additional 1,073,013 shares during the period. 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.