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 cut its holdings in UGI Corporation (NYSE:UGI - Free Report) by 31.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,653,256 shares of the utilities provider's stock after selling 764,151 shares during the period. AQR Capital Management LLC owned 0.77% of UGI worth $54,607,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. CX Institutional acquired a new position in shares of UGI during the 1st quarter worth about $30,000. Private Trust Co. NA raised its stake in UGI by 36.1% during the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after acquiring an additional 370 shares in the last quarter. Quarry LP acquired a new stake in UGI during the 1st quarter worth $51,000. Quintet Private Bank Europe S.A. lifted its position in UGI by 25.3% in the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after acquiring an additional 380 shares during the last quarter. Finally, SouthState Corp acquired a new position in UGI in the first quarter valued at $62,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UGI has been the topic of several research analyst reports. Zacks Research raised UGI to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen cut shares of UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Finally, Mizuho increased their price target on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.33.

UGI Price Performance

UGI stock traded down $0.08 during mid-day trading on Friday, reaching $34.75. The company had a trading volume of 1,507,715 shares, compared to its average volume of 1,593,058. UGI Corporation has a 1 year low of $23.14 and a 1 year high of $37.42. The company has a market capitalization of $7.47 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.66 and a beta of 1.06. The stock's 50-day simple moving average is $35.38 and its 200-day simple moving average is $34.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56.

UGI (NYSE:UGI - Get Free Report) last released 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 business 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 business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. On average, equities analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

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

UGI 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.