25 High Dividend Stocks Being Targeted By Short Sellers

15. UGI Corporation (NYSE:UGI)

Short % of Float as of April 15: 7.55%

Dividend Yield as of April 28: 4.61%

UGI Corporation (NYSE:UGI) ranks 15th on our list of the dividend stocks targeted by short sellers. The diversified energy company with operations spanning natural gas utilities, midstream and marketing, international LPG, and AmeriGas has seen its stock lag due to weakness in its propane business. AmeriGas, which UGI acquired in 2019 for $4.6 billion, was initially expected to boost earnings but has instead weighed heavily on the company’s financial performance.

Since the acquisition, AmeriGas’ EBITDA has dropped from $584 million in 2019 to $320 million in 2024, with margins shrinking from 21.8% to 14.1%. The division has also seen a 30% decline in retail gallons sold, largely blamed on operational issues, poor customer service, and unusually warm weather. These challenges have forced UGI Corporation (NYSE:UGI) to record $850 million in goodwill impairments over the past two years, wiping out nearly half of the goodwill originally attributed to the acquisition. The stock has rebounded and has delivered over 15% return since the start of 2025.

In fiscal Q1 2025, UGI Corporation (NYSE:UGI) reported revenue of $2.03 billion, down 4.29% from the same period last year. The revenue also missed analysts’ estimates by $617 million. However, its cash position was strong as the company had $1.5 billion in available liquidity at the end of December 2024. It has been paying regular dividends to shareholders for the past 140 years, with a quarterly dividend now standing at $0.375 per share. As of April 28, the stock has a dividend yield of 4.61%.