Barclays Remains a Sell on UGI Corp

By Ryan Adsit

Barclays analyst Christine Cho maintained a Sell rating on UGI Corp (NYSE: UGI) yesterday and set a price target of $43. The company’s shares opened today at $48.73, close to its 52-week high of $50.55.

According to, Cho is a 1-star analyst with an average return of -0.3% and a 46.9% success rate. Cho covers the Basic Materials sector, focusing on stocks such as National Fuel Gas Company, Spectra Energy Partners, and Phillips 66 Partners.

UGI Corp has an analyst consensus of Moderate Sell, with a price target consensus of $44.50.

Based on UGI Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.17 billion and quarterly net profit of $220 million. In comparison, last year the company earned revenue of $1.97 billion and had a net profit of $233 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Robert F. Beard, the President & CEO of subsidiary of UGI sold 19,500 shares for a total of $946,140.

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UGI Corp. operates as a holding company, which through its subsidiaries, distributes, stores, transports, and markets energy products and related services. It operates through the following segments: AmeriGas Propane, UGI International-UGI France, UGI International-Flaga & AvantiGas, Energy Services, Electric Generation, and UGI Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI International-France comprises of the French liquefied petroleum gas (LPG) distribution business of Antargaz and LPG in Belgium, the Netherlands, and Luxembourg. The UGI International-Flaga & AvantiGas segment includes LPG distribution businesses of Flaga GmbH and AvantiGas Limited. The Energy Services segment offers energy marketing; operation and acquisition of a natural natural gas liquefaction, storage, and vaporization facility and propane-air mixing assets; managing natural gas pipeline and storage contracts; and developing, owning and operating pipelines, gathering infrastructure, and gas storage facilities. The Electric Generation segment operates electric generation facilities. The UGI Utilities segment includes regulated natural gas distribution businesses. The company was founded in 1991 and is headquartered in King of Prussia, PA.