UGI Corporation $UGI Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in UGI Corporation by 11.0% in Q1, holding 637,013 shares valued at approximately $21 million.
• The company reported a net loss of $0.01 EPS for the latest quarter, surpassing expectations, but revenue of $1.39 billion fell short of analyst estimates of $1.77 billion.
• UGI announced a quarterly dividend of $0.375 per share, yielding 4.3%, scheduled for payment on October 1st to investors of record.

Wellington Management Group LLP grew its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 637,013 shares of the utilities provider's stock after acquiring an additional 62,918 shares during the period. Wellington Management Group LLP owned about 0.30% of UGI worth $21,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UGI. Cornerstone Select Advisors LLC increased its stake in shares of UGI by 113.0% during the 1st quarter. Cornerstone Select Advisors LLC now owns 15,102 shares of the utilities provider's stock worth $499,000 after purchasing an additional 8,013 shares in the last quarter. Northern Trust Corp increased its stake in shares of UGI by 2.9% during the 1st quarter. Northern Trust Corp now owns 4,120,082 shares of the utilities provider's stock worth $136,251,000 after purchasing an additional 117,663 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of UGI by 17.9% during the 1st quarter. Raymond James Financial Inc. now owns 284,927 shares of the utilities provider's stock worth $9,423,000 after purchasing an additional 43,342 shares in the last quarter. Cresset Asset Management LLC increased its stake in shares of UGI by 8.6% during the 1st quarter. Cresset Asset Management LLC now owns 534,536 shares of the utilities provider's stock worth $17,877,000 after purchasing an additional 42,177 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of UGI by 135.5% during the 1st quarter. American Century Companies Inc. now owns 161,864 shares of the utilities provider's stock worth $5,353,000 after purchasing an additional 93,135 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Trading Up 0.0%

UGI stock traded up $0.01 during midday trading on Friday, hitting $34.62. The stock had a trading volume of 1,500,842 shares, compared to its average volume of 1,819,806. The firm has a market cap of $7.44 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. 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 Corporation has a 12-month low of $23.14 and a 12-month high of $37.42. The company's 50-day moving average price is $35.66 and its 200 day moving average price is $34.41.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. UGI had a net margin of 5.70% and a return on equity of 15.73%. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the company earned $0.06 EPS. UGI's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts predict that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UGI shares. Wall Street Zen cut shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Zacks Research raised shares of UGI to a "hold" rating in a research note on Monday, August 11th. Finally, Mizuho lifted their target price 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, UGI presently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

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.