UGI Corporation (NYSE:UGI) Declares Quarterly Dividend of $0.38

UGI Corporation (NYSE:UGI) announced 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) annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, September 15th.

UGI has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 37 consecutive years. UGI has a dividend payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Analysts expect UGI to earn $3.23 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 46.4%.

UGI Stock Down 1.5%

UGI stock opened at $35.69 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average of $35.37 and a two-hundred day moving average of $36.39. UGI has a 12 month low of $31.62 and a 12 month high of $41.34. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 12.52 and a beta of 0.93.

UGI (NYSE:UGI) last posted its quarterly 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 8.71% and a return on equity of 13.81%. As a group, analysts forecast that UGI will post 2.87 earnings per share for the current fiscal year.

Insider Activity at UGI

In related news, insider Kathleen Shea-Ballay sold 25,360 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $33.62, for a total transaction of $852,603.20. Following the completion of the transaction, the insider owned 25,360 shares of the company’s stock, valued at approximately $852,603.20. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On UGI

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in UGI by 45.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 397 shares during the period. Torren Management LLC purchased a new position in shares of UGI in the fourth quarter valued at approximately $65,000. Colonial Trust Co SC acquired a new position in shares of UGI in the fourth quarter valued at approximately $75,000. Horizon Investments LLC purchased a new stake in UGI during the 4th quarter worth approximately $93,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in UGI by 7.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,559 shares of the utilities provider’s stock worth $133,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

About UGI

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.