SYM FINANCIAL Corp Invests $234,000 in UGI Corporation (NYSE:UGI)

SYM FINANCIAL Corp acquired a new position in UGI Corporation (NYSE:UGI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,065 shares of the utilities provider's stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of UGI by 216.7% during the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 611 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of UGI in the fourth quarter valued at $25,000. GeoWealth Management LLC acquired a new stake in shares of UGI in the fourth quarter valued at $27,000. CX Institutional acquired a new stake in shares of UGI in the first quarter valued at $30,000. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of UGI in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of research reports. Wall Street Zen lowered UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Mizuho boosted their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th.

UGI Stock Up 0.5%

Shares of NYSE:UGI traded up $0.18 during trading on Friday, hitting $36.02. 1,560,353 shares of the company's stock traded hands, compared to its average volume of 1,978,348. UGI Corporation has a 52 week low of $23.09 and a 52 week high of $37.42. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The company has a 50-day moving average price of $35.94 and a 200-day moving average price of $33.46.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.41. UGI had a return on equity of 16.21% and a net margin of 7.28%. The business had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the previous year, the business posted $1.97 EPS. UGI's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts forecast that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.16%. The ex-dividend date was Monday, June 16th. UGI's payout ratio is 61.73%.

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.