UGI Corporation (UGI) to Distribute Quarterly Dividend of $0.38 on October 1st

UGI Corporation (NYSE:UGI) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.375 per share by the utilities provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th.

UGI has raised its dividend by an average of 0.0%annually over the last three years and has raised 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 $3.19 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 47.0%.

UGI Stock Performance

Shares of UGI opened at $38.03 on Friday. The company has a market capitalization of $8.16 billion, a PE ratio of 12.72 and a beta of 0.94. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.22 and a current ratio of 1.44. The company’s 50 day moving average price is $36.78 and its 200 day moving average price is $36.12. UGI has a 52 week low of $31.62 and a 52 week high of $41.34.

UGI (NYSE:UGI) last issued its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). UGI had a net margin of 9.20% and a return on equity of 12.80%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.50 billion. Research analysts expect that UGI will post 2.82 EPS for the current fiscal year.

Insider Transactions at UGI

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $33.62, for a total transaction of $852,603.20. Following the transaction, the insider directly owned 25,360 shares in the company, valued at $852,603.20. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its position in UGI by 80.1% during the second quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 322 shares during the period. Aberdeen Wealth Management LLC bought a new position in shares of UGI in the second quarter valued at approximately $42,000. Versant Capital Management Inc raised its position in shares of UGI by 45.6% in the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 397 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of UGI in the second quarter worth $53,000. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of UGI in the second quarter worth $71,000. 82.34% of the stock is owned by institutional investors.

UGI Company Profile

UGI Corporation (NYSE: UGI) is an energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882, the company operates through businesses that distribute and market natural gas, electricity, propane and other energy products.

Through UGI Utilities, the company provides regulated natural gas and electric service to customers in parts of Pennsylvania and regulated natural gas service in parts of Maryland. UGI also operates energy marketing, midstream and storage businesses that supply natural gas and related services to residential, commercial, industrial and wholesale customers.

UGI is also involved in propane distribution through AmeriGas, which serves customers across the United States, and through international propane operations serving customers in parts of Europe.