UGI (NYSE:UGI) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

UGI Corporation (NYSE:UGI)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $37.65 and traded as high as $37.76. UGI shares last traded at $37.7250, with a volume of 880,518 shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UGI shares. Wells Fargo & Company lowered their target price on shares of UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Huntington assumed coverage on shares of UGI in a research note on Monday, September 14th. They set an “outperform” rating and a $54.00 price target on the stock. Wall Street Zen lowered shares of UGI from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Scotiabank began coverage on shares of UGI in a research report on Tuesday, September 29th. They issued an “outperform” rating and a $46.00 price target for the company. Finally, Jefferies Financial Group upgraded shares of UGI from a “hold” rating to a “buy” rating and upped their price objective for the company from $40.00 to $43.00 in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.80.

UGI Price Performance

The company has a market cap of $8.09 billion, a price-to-earnings ratio of 12.62 and a beta of 0.94. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average price is $37.65 and its 200 day moving average price is $36.69.

Hedge Funds Weigh In On UGI

Several institutional investors and hedge funds have recently added to or reduced their stakes in UGI. Kestra Advisory Services LLC lifted its stake in UGI by 1.2% in the third quarter. Kestra Advisory Services LLC now owns 23,592 shares of the utilities provider’s stock valued at $842,000 after buying an additional 282 shares during the last quarter. Bfsg LLC boosted its holdings in shares of UGI by 4.9% during the third quarter. Bfsg LLC now owns 6,783 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 316 shares during the period. Parkside Financial Bank & Trust grew its position in shares of UGI by 80.1% during the second quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 322 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of UGI by 5.9% during the third quarter. NorthCrest Asset Manangement LLC now owns 7,033 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 391 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of UGI by 45.6% during the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 397 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Company Profile

UGI Corporation is a diversified energy company based in King of Prussia, Pennsylvania. Its businesses distribute and market natural gas, propane and other energy products, and provide related services to residential, commercial and industrial customers. In the United States, UGI operates regulated natural gas and electric utilities in Pennsylvania, supplies natural gas and electricity through its energy-marketing business, and owns energy-related infrastructure. Its propane operations include AmeriGas, which serves customers across the country.