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

by · The Cerbat Gem

UGI Corporation (NYSE:UGI – Get Free Report) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Monday, December 15th will be given a dividend of 0.375 per share by the utilities provider on Thursday, January 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, December 15th.

UGI has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 37 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 Trading Up 0.3%

UGI traded up $0.13 on Friday, hitting $38.17. The company had a trading volume of 1,738,332 shares, compared to its average volume of 2,371,784. The company’s fifty day moving average price is $34.98 and its 200 day moving average price is $35.11. UGI has a 1 year low of $26.73 and a 1 year high of $39.59. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.36. The firm has a market cap of $8.19 billion, a P/E ratio of 12.27 and a beta of 1.06.

UGI (NYSE:UGI – Get Free Report) last released its quarterly earnings results on Friday, November 21st. The utilities provider reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.21. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.52 billion. UGI had a net margin of 9.30% and a return on equity of 15.10%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.27) EPS. As a group, equities analysts expect that UGI will post 3.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Joseph L. Hartz sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $38.68, for a total value of $580,200.00. Following the sale, the insider directly owned 33,492 shares in the company, valued at approximately $1,295,470.56. This trade represents a 30.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On UGI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its stake in UGI by 2.5% in the first quarter. Deutsche Bank AG now owns 43,328 shares of the utilities provider’s stock valued at $1,433,000 after purchasing an additional 1,044 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of UGI in the 1st quarter valued at $492,000. Nuveen LLC acquired a new stake in UGI during the 1st quarter worth $20,988,000. HighTower Advisors LLC lifted its position in UGI by 4.2% in the first quarter. HighTower Advisors LLC now owns 116,439 shares of the utilities provider’s stock valued at $3,851,000 after acquiring an additional 4,644 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in UGI by 30.2% in the first quarter. Russell Investments Group Ltd. now owns 965,397 shares of the utilities provider’s stock valued at $31,925,000 after acquiring an additional 223,732 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

About UGI

(Get Free Report)

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.

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