UGI Corporation Announces Quarterly Dividend of $0.38 (NYSE:UGI)
by Amy Steele · The Cerbat GemUGI Corporation (NYSE:UGI – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, June 15th will be paid a dividend of 0.375 per share by the utilities provider on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th.
UGI has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 37 consecutive years. UGI has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect UGI to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 45.5%.
UGI Stock Performance
NYSE:UGI traded down $3.28 during mid-day trading on Thursday, hitting $31.79. 159,584 shares of the company’s stock traded hands, compared to its average volume of 1,869,766. The firm has a 50 day moving average of $36.81 and a two-hundred day moving average of $36.98. UGI has a 12 month low of $31.62 and a 12 month high of $41.34. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 11.72 and a beta of 0.96. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.19.
UGI (NYSE:UGI – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.02). UGI had a return on equity of 14.46% and a net margin of 8.17%.The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the business posted $2.21 EPS. UGI’s revenue was up .7% compared to the same quarter last year. On average, equities analysts forecast that UGI will post 3.05 earnings per share for the current fiscal year.
Insider Activity at UGI
In related news, CAO Jean Felix Tematio sold 12,840 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $38.07, for a total transaction of $488,818.80. Following the completion of the sale, the chief accounting officer directly owned 6,952 shares of the company’s stock, valued at $264,662.64. This trade represents a 64.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by company insiders.
Institutional Investors Weigh In On UGI
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. increased its holdings in UGI by 7.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,559 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 254 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in UGI by 4.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 303 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in UGI by 4.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,842 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 456 shares in the last quarter. Bare Financial Services Inc increased its holdings in UGI by 103.8% during the 3rd quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 685 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in UGI by 17.0% during the 4th quarter. Parallel Advisors LLC now owns 4,992 shares of the utilities provider’s stock valued at $187,000 after purchasing an additional 724 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.
About UGI
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.