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

UGI Co. (NYSE:UGI) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Monday, March 17th will be paid a dividend of 0.375 per share by the utilities provider on Tuesday, April 1st. This represents a $1.50 annualized dividend and a yield of 4.68%. The ex-dividend date is Monday, March 17th.

UGI has increased its dividend payment by an average of 3.2% per year over the last three years and has increased its dividend annually for the last 22 consecutive years. UGI has a payout ratio of 49.3% meaning 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 Up 2.1 %

UGI opened at $32.04 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 25.84 and a beta of 1.21. The business has a 50-day moving average of $29.02 and a two-hundred day moving average of $26.11. UGI has a 12 month low of $22.01 and a 12 month high of $32.63.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 14.64% and a net margin of 3.73%. On average, research analysts expect that UGI will post 3 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on UGI shares. Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 target price for the company. Wells Fargo & Company upped their price target on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, UGI has a consensus rating of “Moderate Buy” and an average price target of $28.33.

About UGI

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.