UGI (NYSE:UGI) Upgraded at Mizuho

Mizuho upgraded shares of UGI (NYSE:UGI) from a neutral rating to an outperform rating in a report released on Friday morning, Marketbeat Ratings reports. Mizuho currently has $30.00 target price on the utilities provider’s stock, up from their previous target price of $27.00.

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

UGI Trading Up 3.8 %

UGI stock opened at $24.12 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. UGI has a 12-month low of $21.47 and a 12-month high of $26.15. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 7.73 and a beta of 1.13. The firm has a 50 day moving average of $24.25 and a 200 day moving average of $24.07.

Hedge Funds Weigh In On UGI

Several institutional investors have recently bought and sold shares of UGI. Whittier Trust Co. boosted 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. Concord Wealth Partners raised its holdings in shares of UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 637 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of UGI during the 2nd quarter valued at approximately $32,000. Duncker Streett & Co. Inc. purchased a new position in shares of UGI in the second quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in UGI in the second quarter worth $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.