Wellington Management Group LLP Boosts Holdings in UGI Corporation $UGI

Wellington Management Group LLP lifted its holdings in UGI Corporation (NYSE:UGI) by 38.5% in the second quarter, HoldingsChannel reports. The fund owned 567,102 shares of the utilities provider’s stock after buying an additional 157,640 shares during the period. Wellington Management Group LLP’s holdings in UGI were worth $19,588,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UGI. Captrust Financial Advisors raised its position in UGI by 34,940.4% in the 2nd quarter. Captrust Financial Advisors now owns 2,576,169 shares of the utilities provider’s stock worth $93,824,000 after purchasing an additional 2,568,817 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in UGI during the second quarter valued at about $73,069,000. Russell Investments Group Ltd. boosted its position in UGI by 75.7% during the second 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 during the period. Legal & General Group Plc bought a new position in shares of UGI during the second quarter valued at about $12,408,000. Finally, Ancora Advisors LLC bought a new position 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.

Insider Buying and Selling

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $33.62, for a total transaction of $852,603.20. Following the transaction, the insider directly owned 25,360 shares of the company’s stock, valued at approximately $852,603.20. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by insiders.

UGI Stock Up 0.1%

NYSE UGI opened at $37.97 on Monday. UGI Corporation has a 1 year low of $31.62 and a 1 year high of $41.34. The stock has a market capitalization of $8.14 billion, a PE ratio of 12.70 and a beta of 0.94. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22. The business’s 50-day moving average is $36.45 and its 200 day moving average is $36.11.

UGI (NYSE:UGI) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.20) EPS 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. Sell-side analysts forecast that UGI Corporation will post 2.82 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 15th. UGI’s dividend payout ratio is currently 50.17%.

Analysts Set New Price Targets

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

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.