Barclays Downgrades UGI Corp to Underweight with Price Target $42.00

Brokerage firm Barclays Downgrades its rating on UGI Corp(NYSE:UGI). In a research note issued to the investors, the brokerage major Raises the price-target to $42.00 per share. The shares have been rated Underweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Barclays was issued on Jun 20, 2016.

In a different note, On May 26, 2016, Janney Capital said it Assumes its rating on UGI Corp. The shares have been rated ‘Neutral’ by the firm. On May 4, 2016, Citigroup said it Maintains its rating on UGI Corp. In the research note, the firm Raises the price-target to $36.50 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 29, 2016, Janney Capital said it Downgrades its rating on UGI Corp. The shares have been rated ‘Neutral’ by the firm.

UGI Corp (UGI) shares turned negative on Fridays trading session with the shares closing down -0.24 points or -0.54% at a volume of 10,05,273. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.43. The peak price level was also seen at $44.43 while the days lowest was $43.55. Finally the shares closed at $44.03. The 52-week high of the shares is $44.43 while the 52-week low is $31.505. According to the latest information available, the market cap of the company is $7,603 M.

UGI Corp(UGI) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.97B. Analysts had an estimated revenue of $2.58B. Earnings per share were $1.24. Analysts had estimated an EPS of $1.29.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Robert F. Beard (President & CEO of subsidiary) sold 16,500 shares at $42.08 per share price.Also, On May 17, 2016, Jerry E Sheridan (President & CEO of Subsidiary) sold 64,125 shares at $41.09 per share price.On May 11, 2016, Bradley C Hall (VP New Business Development) sold 126,000 shares at $41.19 per share price, according to the Form-4 filing with the securities and exchange commission.

UGI Corporation is a holding company that through subsidiaries distributes stores transports and markets energy products and related services. The Company is a domestic and international retail distributor of propane and butane and provides natural gas and electric service through regulated local distribution utilities. The Company generates electricity and markets energy commodities. It owns and manages midstream assets. The Company’s subsidiaries and affiliates operate in six business segments: AmeriGas Propane; UGI International – Antargaz; UGI International – Flaga & Other; Energy Services; Electric Generation and Gas Utility. In addition to the segments UGI Corporation owns and operates electric distribution business in Pennsylvania through UGI Utilities and a heating ventilation air-conditioning refrigeration and electrical contracting service business in portions of eastern Pennsylvania and the Mid-Atlantic region of the United States through UGI HVAC Enterprises Inc.

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