Symphony Financial Ltd. Co. Invests $1.41 Million in UGI Co. (NYSE:UGI)

Symphony Financial Ltd. Co. bought a new stake in shares of UGI Co. (NYSE:UGI - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 56,345 shares of the utilities provider's stock, valued at approximately $1,405,000.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. raised its position in shares of UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock worth $27,000 after acquiring an additional 598 shares in the last quarter. Concord Wealth Partners raised its position in shares of UGI by 100.0% in the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock worth $31,000 after acquiring an additional 637 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in UGI during the 2nd quarter worth $32,000. Duncker Streett & Co. Inc. purchased a new position in UGI during the 2nd quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in UGI during the 2nd quarter worth $40,000. 82.34% of the stock is owned by institutional investors.

UGI Stock Performance

UGI stock traded down $0.09 during trading hours on Wednesday, hitting $24.87. 1,140,236 shares of the stock traded hands, compared to its average volume of 2,132,346. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The firm's 50 day moving average price is $24.47 and its 200-day moving average price is $24.17. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 7.97 and a beta of 1.13. UGI Co. has a 1 year low of $20.32 and a 1 year high of $26.15.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.12. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.73 billion. UGI had a return on equity of 15.65% and a net margin of 9.13%. The business's revenue was down 16.8% on a year-over-year basis. As a group, equities analysts expect that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently declared 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 of this dividend was Monday, September 16th. This represents a $1.50 annualized dividend and a yield of 6.03%. UGI's payout ratio is presently 48.08%.

Analyst Ratings Changes

UGI has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. StockNews.com downgraded UGI from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th.

UGI Profile

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.