Fintel reports that on September 11, 2023, Mizuho maintained coverage of UGI (NYSE:UGI) with a Neutral recommendation.
Analyst Price Forecast Suggests 52.68% Upside
As of August 31, 2023, the average one-year price target for UGI is 36.72. The forecasts range from a low of 24.24 to a high of $63.00. The average price target represents an increase of 52.68% from its latest reported closing price of 24.05.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for UGI is 9,136MM, a decrease of 3.40%. The projected annual non-GAAP EPS is 3.01.
What is the Fund Sentiment?
There are 963 funds or institutions reporting positions in UGI. This is a decrease of 112 owner(s) or 10.42% in the last quarter. Average portfolio weight of all funds dedicated to UGI is 0.16%, a decrease of 22.87%. Total shares owned by institutions decreased in the last three months by 1.93% to 192,392K shares. 
The put/call ratio of UGI is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
SDY - SPDR(R) S&P(R) Dividend ETF holds 9,059K shares representing 4.32% ownership of the company. In it's prior filing, the firm reported owning 8,147K shares, representing an increase of 10.07%. The firm decreased its portfolio allocation in UGI by 10.76% over the last quarter.
Deutsche Bank Ag\ holds 7,503K shares representing 3.58% ownership of the company. In it's prior filing, the firm reported owning 7,623K shares, representing a decrease of 1.60%. The firm increased its portfolio allocation in UGI by 497.35% over the last quarter.
First Eagle Investment Management holds 6,689K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 7,372K shares, representing a decrease of 10.20%. The firm decreased its portfolio allocation in UGI by 31.94% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,547K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 6,502K shares, representing an increase of 0.68%. The firm decreased its portfolio allocation in UGI by 27.92% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 6,350K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 6,465K shares, representing a decrease of 1.81%. The firm decreased its portfolio allocation in UGI by 27.00% over the last quarter.
UGI Background Information
(This description is provided by the company.)
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States, California, and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Additional reading:
- UGI Corporation Announces Review of Strategic Alternatives
- 1 Investor Update 1 August 30, 2023 Exhibit 99.2 2 About This Presentation This presentation contains statements, estimates and projections that are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amen
- 1 1 Third Quarter Fiscal 2023 Results Ro ge r Pe r re a u l t President and CEO, UGI Corporation S e a n P. O ’ B r i e n Chief Financial Officer, UGI Corporation Ro b e r t F. B e a rd Chief Operations Officer, UGI Corporation 1 2 2 About This Prese
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