Aigen Investment Management LP Has $2.65 Million Stock Holdings in UGI Corporation (NYSE:UGI)

Key Points

• Aigen Investment Management LP increased its stake in UGI Corporation by 176.3% during the first quarter, holding 80,010 shares valued at approximately $2.65 million.
• UGI Corporation reported a loss per share (EPS) of ($0.01) for the quarter, exceeding analysts' expectations of ($0.12), with revenue of $1.39 billion, which was below the forecast of $1.77 billion.
• The company recently announced a quarterly dividend of $0.375 per share, reflecting a 4.3% dividend yield, with the payment date set for October 1st.

Aigen Investment Management LP increased its position in UGI Corporation (NYSE:UGI - Free Report) by 176.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,010 shares of the utilities provider's stock after purchasing an additional 51,049 shares during the quarter. Aigen Investment Management LP's holdings in UGI were worth $2,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of UGI in the 1st quarter valued at about $338,000. Red Door Wealth Management LLC acquired a new position in UGI in the 1st quarter valued at about $230,000. Meritage Portfolio Management acquired a new position in UGI in the 1st quarter valued at about $5,176,000. Jump Financial LLC grew its stake in UGI by 190.8% in the 4th quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock valued at $964,000 after buying an additional 22,411 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in UGI in the 1st quarter valued at about $1,124,000. 82.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on UGI shares. Mizuho upped their price target on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

UGI Stock Performance

Shares of NYSE:UGI traded up $0.02 on Monday, reaching $35.13. 5,258,099 shares of the company's stock were exchanged, compared to its average volume of 1,498,729. The company has a fifty day moving average of $35.93 and a 200-day moving average of $34.04. UGI Corporation has a twelve month low of $23.14 and a twelve month high of $37.42. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.67 and a beta of 1.05. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.11. UGI had a net margin of 5.70% and a return on equity of 15.73%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $0.06 EPS. The business's revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, September 15th. UGI's dividend payout ratio is presently 78.95%.

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.