UGI Co. (NYSE:UGI – Get Rating) announced a quarterly dividend on Wednesday, February 1st, Wall Street Journal reports. Shareholders of record on Wednesday, March 15th will be given a dividend of 0.36 per share by the utilities provider on Saturday, April 1st. This represents a $1.44 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Tuesday, March 14th.
UGI has increased its dividend by an average of 5.6% annually over the last three years and has increased its dividend every year for the last 35 years. UGI has a payout ratio of 43.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect UGI to earn $3.37 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 42.7%.
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UGI opened at $42.62 on Friday. The business's fifty day moving average is $38.77 and its two-hundred day moving average is $37.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.28 and a current ratio of 1.56. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 1.70 and a beta of 1.07. UGI has a one year low of $31.19 and a one year high of $45.16.
UGI (NYSE:UGI – Get Rating) last posted its earnings results on Thursday, February 2nd. The utilities provider reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.08. UGI had a return on equity of 11.31% and a net margin of 2.12%. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the business earned $0.93 earnings per share. UGI's quarterly revenue was up 3.2% compared to the same quarter last year. Analysts anticipate that UGI will post 2.97 EPS for the current fiscal year.Wall Street Analyst Weigh In
Several equities research analysts have commented on UGI shares. TheStreet upgraded UGI from a "c+" rating to a "b-" rating in a research note on Thursday, December 22nd. Wells Fargo & Company upped their price target on UGI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 10th. StockNews.com started coverage on UGI in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. Barclays increased their target price on UGI from $39.00 to $40.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, Bank of America lowered UGI from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $43.00 to $41.00 in a research note on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $41.00.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Verition Fund Management LLC bought a new stake in shares of UGI in the 1st quarter worth approximately $551,000. Cetera Advisor Networks LLC increased its position in UGI by 13.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider's stock valued at $484,000 after acquiring an additional 1,618 shares during the period. Virtu Financial LLC acquired a new stake in UGI in the 1st quarter valued at approximately $407,000. Nations Financial Group Inc. IA ADV increased its position in UGI by 23.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,926 shares of the utilities provider's stock valued at $396,000 after acquiring an additional 2,099 shares during the period. Finally, Vontobel Holding Ltd. increased its position in UGI by 102.2% in the 1st quarter. Vontobel Holding Ltd. now owns 9,803 shares of the utilities provider's stock valued at $358,000 after acquiring an additional 4,955 shares during the period. Institutional investors own 80.93% of the company's stock.
UGI Company Profile
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UGI Corp. is a holding company, which engages in the distribution and marketing of energy products and services. It operates through the following segments: AmeriGas Propane, UGI International, Midstream and Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.
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