UGI Corporation $UGI Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in UGI Corporation by 31.6%, owning approximately 0.77% of the company after selling 764,151 shares during the first quarter.
• UGI Corporation reported a slight earnings per share (EPS) of -$0.01, beating analysts' estimates and achieving revenue of $1.39 billion for the quarter.
• The company announced a quarterly dividend of $0.375 per share, reflecting a dividend yield of 4.3% with a payout ratio of 78.95%.

AQR Capital Management LLC decreased its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 31.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,653,256 shares of the utilities provider's stock after selling 764,151 shares during the quarter. AQR Capital Management LLC owned about 0.77% of UGI worth $54,607,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in UGI during the first quarter valued at approximately $338,000. Red Door Wealth Management LLC acquired a new position in shares of UGI in the first quarter valued at $230,000. Atlas Capital Advisors Inc. grew its stake in shares of UGI by 945.7% in the first quarter. Atlas Capital Advisors Inc. now owns 17,171 shares of the utilities provider's stock valued at $568,000 after acquiring an additional 15,529 shares in the last quarter. Meritage Portfolio Management acquired a new position in shares of UGI in the first quarter valued at about $5,176,000. Finally, SG Americas Securities LLC acquired a new position in shares of UGI in the first quarter valued at about $1,124,000. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Performance

Shares of UGI stock traded up $0.35 during trading on Thursday, hitting $34.70. 781,062 shares of the company's stock traded hands, compared to its average volume of 1,920,810. The stock has a market capitalization of $7.46 billion, a P/E ratio of 18.27, a PEG ratio of 1.63 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The business has a 50-day simple moving average of $35.40 and a 200-day simple moving average of $34.47. UGI Corporation has a 1 year low of $23.14 and a 1 year high of $37.42.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. As a group, analysts forecast that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.3%. UGI's payout ratio is presently 78.95%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UGI shares. Zacks Research upgraded shares of UGI to a "hold" rating in a report on Monday, August 11th. Wall Street Zen downgraded shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Mizuho lifted their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.