UGI Corporation (UGI) to Issue Quarterly Dividend of $0.38 on April 1st

UGI Corporation (NYSE:UGI) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Monday, March 16th will be given a dividend of 0.375 per share by the utilities provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, March 16th.

UGI has increased 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. Equities analysts expect UGI to earn $3.09 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 48.5%.

UGI Stock Performance

NYSE UGI opened at $37.17 on Friday. The firm has a market capitalization of $7.98 billion, a P/E ratio of 13.72 and a beta of 1.08. The stock has a 50-day simple moving average of $37.96 and a two-hundred day simple moving average of $36.09. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.64 and a current ratio of 0.78. UGI has a fifty-two week low of $29.03 and a fifty-two week high of $41.34.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.24). The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.49 billion. UGI had a return on equity of 14.46% and a net margin of 8.17%.The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $1.37 earnings per share. On average, equities analysts forecast that UGI will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen cut UGI from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Mizuho increased their price objective on shares of UGI from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. UBS Group reissued an “outperform” rating on shares of UGI in a report on Monday, December 15th. Weiss Ratings raised UGI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $45.00 target price on shares of UGI in a research report on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

UGI Company 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.