56,345 Shares in UGI Co. (NYSE:UGI) Acquired by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. bought a new position in UGI Co. (NYSE:UGI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,345 shares of the utilities provider’s stock, valued at approximately $1,405,000.

Other hedge funds have also modified their holdings of the company. Whittier Trust Co. boosted its position in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 598 shares during the last quarter. Concord Wealth Partners lifted its position in UGI by 100.0% during the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after buying an additional 637 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in UGI during the second quarter valued at approximately $32,000. Duncker Streett & Co. Inc. acquired a new position in UGI during the second quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in UGI during the second quarter valued at approximately $40,000. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Trading Down 0.3 %

UGI opened at $24.95 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The firm’s 50 day moving average is $24.44 and its 200-day moving average is $24.16. The firm has a market capitalization of $5.36 billion, a P/E ratio of 8.00 and a beta of 1.13. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. The company’s revenue for the quarter was down 16.8% on a year-over-year basis. Analysts expect that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, September 16th. This represents a $1.50 annualized dividend and a yield of 6.01%. UGI’s payout ratio is 48.08%.

Analyst Upgrades and Downgrades

UGI has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.