AlphaQuest LLC Acquires 41,152 Shares of UGI Corporation $UGI

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 UGI Corporation (NYSE:UGI - Free Report) by 1,718.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,547 shares of the utilities provider's stock after acquiring an additional 41,152 shares during the quarter. AlphaQuest LLC's holdings in UGI were worth $1,440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GeoWealth Management LLC acquired a new position in shares of UGI in the 4th quarter worth approximately $27,000. CX Institutional bought a new position in UGI in the 1st quarter worth approximately $30,000. Anderson Financial Strategies LLC bought a new position in UGI in the 4th quarter worth approximately $41,000. Private Trust Co. NA raised its position in UGI by 36.1% in the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after purchasing an additional 370 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in UGI in the 4th quarter worth approximately $49,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

UGI Stock Down 0.9%

Shares of UGI stock traded down $0.32 during trading hours on Thursday, reaching $34.69. 354,431 shares of the company's stock were exchanged, compared to its average volume of 1,941,049. The company has a 50 day moving average of $35.72 and a two-hundred day moving average of $34.34. UGI Corporation has a fifty-two week low of $23.14 and a fifty-two week high of $37.42. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16. The stock has a market cap of $7.46 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.66 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.11. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. UGI's revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. On average, sell-side analysts forecast that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

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

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.