Wellington Management Group LLP Boosts Holdings in UGI Corporation $UGI

Wellington Management Group LLP boosted its stake in UGI Corporation (NYSE:UGI) by 38.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 567,102 shares of the utilities provider’s stock after acquiring an additional 157,640 shares during the period. Wellington Management Group LLP owned 0.26% of UGI worth $19,588,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of UGI. Captrust Financial Advisors raised its stake in shares of UGI by 34,940.4% during the 2nd quarter. Captrust Financial Advisors now owns 2,576,169 shares of the utilities provider’s stock valued at $93,824,000 after purchasing an additional 2,568,817 shares during the period. The Manufacturers Life Insurance Company bought a new position in UGI in the 2nd quarter worth about $73,069,000. Russell Investments Group Ltd. grew its holdings in UGI by 75.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider’s stock valued at $46,130,000 after buying an additional 575,239 shares in the last quarter. Legal & General Group Plc purchased a new position in UGI during the 2nd quarter valued at about $12,408,000. Finally, Ancora Advisors LLC bought a new stake in shares of UGI during the second quarter valued at about $11,308,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Up 0.1%

Shares of NYSE UGI opened at $37.97 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average of $36.45 and a 200-day moving average of $36.11. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 12.70 and a beta of 0.94. UGI Corporation has a 12 month low of $31.62 and a 12 month high of $41.34.

UGI (NYSE:UGI) last announced its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). UGI had a net margin of 9.20% and a return on equity of 12.80%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Sell-side analysts expect that UGI Corporation will post 2.82 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.0%. UGI’s dividend payout ratio (DPR) is 50.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UGI. Wells Fargo & Company cut their price objective on shares of UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Zacks Research cut shares of UGI from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of UGI from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Weiss Ratings lowered shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.00.

Insider Activity

In related news, insider Kathleen Shea-Ballay sold 25,360 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the transaction, the insider owned 25,360 shares of the company’s stock, valued at $852,603.20. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.

UGI Profile

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.