Notable Price Action: UGI Corp’s Stock Is Buy After Today’s Significant Increase

Notable Price Action: UGI Corp's Stock Is Buy After Today's Significant Increase

The stock of UGI Corp (NYSE:UGI) is a huge mover today! About 331,747 shares traded hands. UGI Corp (NYSE:UGI) has risen 12.03% since April 5, 2016 and is uptrending. It has outperformed by 10.08% the S&P500.
The move comes after 7 months positive chart setup for the $8.13 billion company. It was reported on Nov, 8 by Barchart.com. We have $69.71 PT which if reached, will make NYSE:UGI worth $4.23 billion more.

Analysts await UGI Corp (NYSE:UGI) to report earnings on November, 14. They expect $-0.03 earnings per share, down 400.00% or $0.04 from last year’s $0.01 per share. After $0.23 actual earnings per share reported by UGI Corp for the previous quarter, Wall Street now forecasts -113.04% negative EPS growth.

UGI Corp (NYSE:UGI) Ratings Coverage

Out of 3 analysts covering UGI Corp (NYSE:UGI), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. UGI Corp has been the topic of 7 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, August 5 by Zacks. The stock of UGI Corp (NYSE:UGI) has “Buy” rating given on Saturday, August 8 by Zacks. Barclays Capital downgraded UGI Corp (NYSE:UGI) rating on Monday, June 20. Barclays Capital has “Underweight” rating and $42 price target. The firm has “Neutral” rating given on Thursday, May 26 by Janney Capital. Citigroup maintained the shares of UGI in a report on Wednesday, May 4 with “Neutral” rating. On Friday, April 29 the stock rating was downgraded by Janney Capital to “Neutral”.

According to Zacks Investment Research, “UGI Corporation is a holding company that operates propane distribution, gas and electric utility, energy marketing and related businesses through subsidiaries. Our majority-owned subsidiary, AmeriGas Partners, L.P., a Delaware limited partnership, conducts one of the nation’s largest retail propane distribution businesses through its subsidiary AmeriGas Propane, L.P.”

Insitutional Activity: The institutional sentiment increased to 1.47 in Q2 2016. Its up 0.43, from 1.04 in 2016Q1. The ratio increased, as 24 funds sold all UGI Corp shares owned while 113 reduced positions. 75 funds bought stakes while 127 increased positions. They now own 131.76 million shares or 1.45% less from 133.69 million shares in 2016Q1.
The Ontario – Canada-based National Bank Of Nova Scotia has invested 0.02% in UGI Corp (NYSE:UGI). Commerzbank Aktiengesellschaft Fi accumulated 9,799 shares or 0% of the stock. Amp Capital Investors Ltd holds 0.01% or 43,672 shares in its portfolio. Caisse De Depot Et Placement Du Quebec reported 195,395 shares or 0.02% of all its holdings. Quantbot Technology Limited Partnership last reported 5,821 shares in the company. The Ohio-based Winfield Assocs has invested 0% in UGI Corp (NYSE:UGI). Swiss Savings Bank has 481,900 shares for 0.04% of their US portfolio. Dimensional Fund Limited Partnership reported 2.95M shares or 0.08% of all its holdings. Cape Cod Five Cents Commercial Bank reported 7,671 shares or 0.06% of all its holdings. Ww Asset has 0.02% invested in the company for 9,623 shares. Cwm Ltd Liability Com has 0% invested in the company for 390 shares. Fdx holds 0.03% of its portfolio in UGI Corp (NYSE:UGI) for 15,377 shares. Jefferies Group Incorporated Limited Co owns 11,586 shares or 0% of their US portfolio. Intl Gru owns 334,532 shares or 0% of their US portfolio. Blackrock accumulated 360,032 shares or 0.02% of the stock.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 4 sales for $3.30 million net activity. VINCENT ROGER B also sold $1.17M worth of UGI Corp (NYSE:UGI) shares. HALL BRADLEY C sold $5.19 million worth of stock. The insider Beard Robert F. sold 16,500 shares worth $694,308. Sheridan Jerry E sold $2.63M worth of UGI Corp (NYSE:UGI) on Monday, May 9. Ortiz-Landazabal Marie-Dominique also sold $588,701 worth of UGI Corp (NYSE:UGI) shares.

More notable recent UGI Corp (NYSE:UGI) news were published by: Businesswire.com which released: “UGI Corporation Appoints Roger Perreault President of UGI International” on November 03, 2015, also Fool.com with their article: “UGI Corp Earnings Cooled Off by Warmer Weather” published on February 06, 2016, Prnewswire.com published: “Research Reports Coverage on Utilities Stocks — UGI Corp., PNM Resources …” on November 02, 2016. More interesting news about UGI Corp (NYSE:UGI) were released by: Streetinsider.com and their article: “UGI Corp (UGI) Sees FY16 EPS at or Above Upper End of $1.95-$2.05” published on October 12, 2016 as well as Zacks.com‘s news article titled: “Should You Buy UGI Corporation (UGI) Ahead of Earnings?” with publication date: November 08, 2016.

UGI Company Profile

UGI Corporation, incorporated on December 20, 1991, is a holding company. The Company, through its subsidiaries, distributes, stores, transports and markets energy products and related services. The Firm operates through six divisions: AmeriGas Propane; an international liquefied petroleum gases (LPG) segment consisting of UGI France; an international LPG segment consisting of Flaga and AvantiGas; UGI Utilities; Energy Services, and Electric Generation. In the United States, the Company is a general partner and owns limited partner interests in a retail propane marketing and distribution business; owns and operates natural gas and electric distribution utilities; owns all or a portion of electricity generation facilities, and owns and operates an energy marketing, midstream infrastructure, storage, natural gas gathering, natural gas production and energy services business. Internationally, it markets and distributes propane and other LPG in Europe.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment