Wellington Management Group LLP Sells 8,160 Shares of UGI Co. (NYSE:UGI)

Wellington Management Group LLP reduced its holdings in UGI Co. (NYSE:UGI - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 574,095 shares of the utilities provider's stock after selling 8,160 shares during the quarter. Wellington Management Group LLP owned about 0.27% of UGI worth $16,207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in UGI by 28.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 34,532 shares of the utilities provider's stock worth $975,000 after buying an additional 7,643 shares in the last quarter. Northstar Financial Companies Inc. purchased a new position in shares of UGI during the 4th quarter valued at $415,000. Wealthedge Investment Advisors LLC purchased a new position in shares of UGI during the 4th quarter valued at $487,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of UGI during the 4th quarter valued at $10,408,000. Finally, Invst LLC raised its stake in shares of UGI by 1.7% during the 4th quarter. Invst LLC now owns 27,944 shares of the utilities provider's stock valued at $789,000 after purchasing an additional 474 shares during the period. Institutional investors own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UGI. Mizuho boosted their price objective on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded UGI from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th.

UGI Price Performance

Shares of UGI stock traded down $0.15 during trading on Thursday, hitting $35.32. 1,364,415 shares of the stock traded hands, compared to its average volume of 2,210,346. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 2.26 and a beta of 1.05. The firm's fifty day moving average is $33.65 and its 200-day moving average is $31.48. UGI Co. has a 52 week low of $22.01 and a 52 week high of $36.55.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company earned $1.97 EPS. UGI's revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Monday, June 16th. UGI's payout ratio is presently 61.73%.

About UGI

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.