UGI Co. Declares Quarterly Dividend of $0.38 (NYSE:UGI)

UGI Co. (NYSE:UGI) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.375 per share by the utilities provider on Monday, July 1st. This represents a $1.50 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend is Friday, June 14th.

UGI has increased its dividend payment by an average of 4.1% per year over the last three years and has increased its dividend annually for the last 36 consecutive years. UGI has a payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect UGI to earn $3.10 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 48.4%.

UGI Price Performance

Shares of UGI stock traded down $1.66 during trading hours on Thursday, reaching $24.23. 5,386,505 shares of the company’s stock were exchanged, compared to its average volume of 2,078,528. The business has a fifty day moving average of $24.63 and a two-hundred day moving average of $23.45. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $5.08 billion, a P/E ratio of -10.78 and a beta of 1.13. UGI has a 1 year low of $20.19 and a 1 year high of $33.14.

UGI (NYSE:UGI) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.65 by $0.32. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.07 billion. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. UGI’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. As a group, research analysts predict that UGI will post 2.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on UGI shares. Wells Fargo & Company cut UGI from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $27.00 to $28.00 in a research report on Thursday, March 14th. Mizuho boosted their price target on UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st.

UGI Company Profile

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.