UGI Corporation (NYSE:UGI) Position Increased by Aigen Investment Management LP

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 stake in UGI Corporation (NYSE:UGI - Free Report) by 176.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,010 shares of the utilities provider's stock after buying an additional 51,049 shares during the period. Aigen Investment Management LP's holdings in UGI were worth $2,646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Snyder Capital Management L P lifted its stake in UGI by 1.6% in the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock valued at $144,727,000 after buying an additional 78,327 shares during the last quarter. LSV Asset Management lifted its stake in UGI by 6.6% in the first quarter. LSV Asset Management now owns 4,037,604 shares of the utilities provider's stock valued at $133,524,000 after buying an additional 251,311 shares during the last quarter. Northern Trust Corp lifted its stake in UGI by 21.3% in the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock valued at $112,988,000 after buying an additional 703,491 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in UGI by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 2,592,251 shares of the utilities provider's stock valued at $85,726,000 after buying an additional 56,777 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in UGI by 50.6% in the fourth quarter. Ameriprise Financial Inc. now owns 2,366,100 shares of the utilities provider's stock valued at $66,806,000 after buying an additional 795,093 shares during the last quarter. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

NYSE UGI traded down $0.18 on Thursday, reaching $35.76. The company's stock had a trading volume of 531,190 shares, compared to its average volume of 1,951,272. UGI Corporation has a twelve month low of $23.14 and a twelve month high of $37.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70. The stock has a market cap of $7.68 billion, a PE ratio of 18.81, a PEG ratio of 1.68 and a beta of 1.05. The firm's 50 day moving average is $35.92 and its two-hundred day moving average is $34.07.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, beating 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company earned $0.06 EPS. UGI's revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.2%. UGI's dividend payout ratio (DPR) is currently 78.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UGI shares. Mizuho lifted their price objective 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 cut shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

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.