UGI Corporation $UGI Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in UGI Corporation by 1,718.2%, owning 43,547 shares worth approximately $1.44 million after acquiring an additional 41,152 shares in Q1.
• UGI's quarterly earnings report revealed a loss of $0.01 per share, surpassing estimates, with revenue of $1.39 billion, which was below the expected $1.77 billion.
• The company announced a quarterly dividend of $0.375, representing a 4.2% dividend yield, with a payout ratio of 78.95% and payment scheduled for October 1st.

AlphaQuest LLC lifted its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 1,718.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,547 shares of the utilities provider's stock after buying an additional 41,152 shares during the period. AlphaQuest LLC's holdings in UGI were worth $1,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. RPG Investment Advisory LLC raised its stake in UGI by 103.0% during the 1st quarter. RPG Investment Advisory LLC now owns 581,432 shares of the utilities provider's stock valued at $19,228,000 after acquiring an additional 295,050 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of UGI by 11.8% during the first quarter. Ameriprise Financial Inc. now owns 2,644,716 shares of the utilities provider's stock worth $87,472,000 after purchasing an additional 278,616 shares during the last quarter. Bragg Financial Advisors Inc lifted its holdings in shares of UGI by 1.9% during the first quarter. Bragg Financial Advisors Inc now owns 890,840 shares of the utilities provider's stock worth $29,460,000 after purchasing an additional 16,771 shares during the period. Wellington Management Group LLP grew its position in UGI by 11.0% in the 1st quarter. Wellington Management Group LLP now owns 637,013 shares of the utilities provider's stock valued at $21,066,000 after buying an additional 62,918 shares during the last quarter. Finally, Cornerstone Select Advisors LLC raised its position in UGI by 113.0% during the 1st quarter. Cornerstone Select Advisors LLC now owns 15,102 shares of the utilities provider's stock worth $499,000 after buying an additional 8,013 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Price Performance

Shares of NYSE UGI traded up $0.22 during trading on Wednesday, reaching $35.03. The company had a trading volume of 1,402,372 shares, compared to its average volume of 1,951,102. 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 Corporation has a twelve month low of $23.14 and a twelve month high of $37.42. The stock has a 50-day moving average price of $35.75 and a two-hundred day moving average price of $34.33. The stock has a market capitalization of $7.53 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. As a group, sell-side analysts predict that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Zacks Research raised shares of UGI to a "hold" rating in a report on Monday, August 11th. Mizuho lifted their price objective on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, UGI presently has an average rating of "Moderate Buy" and a consensus target price of $31.33.

UGI Company 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.