UGI (NYSE:UGI) Shares Gap Down to $25.89

UGI Co. (NYSE:UGI)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $25.89, but opened at $24.85. UGI shares last traded at $24.25, with a volume of 814,098 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TheStreet raised UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st. StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Mizuho upped their target price on UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, Wells Fargo & Company cut UGI from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $27.00 to $28.00 in a research note on Thursday, March 14th.

UGI Stock Performance

The company has a market capitalization of $5.00 billion, a PE ratio of -10.78 and a beta of 1.13. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98. The business’s 50-day moving average is $24.63 and its 200-day moving average is $23.45.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.32. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm posted $1.68 EPS. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. On average, research analysts anticipate that UGI Co. will post 2.9 earnings per share for the current year.

Institutional Investors Weigh In On UGI

Several institutional investors and hedge funds have recently made changes to their positions in the company. American National Bank purchased a new position in UGI in the 1st quarter worth about $27,000. Concord Wealth Partners raised its holdings in shares of UGI by 100.0% during the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 637 shares during the last quarter. GAMMA Investing LLC bought a new position in UGI during the fourth quarter valued at approximately $32,000. Transcendent Capital Group LLC bought a new position in shares of UGI during the 4th quarter valued at $39,000. Finally, Neo Ivy Capital Management bought a new position in UGI in the fourth quarter valued at about $40,000. 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.