UGI (NYSE:UGI) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

UGI (NYSE:UGI) released its quarterly earnings data on Wednesday. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16, Zacks reports. UGI had a net margin of 3.73% and a return on equity of 14.64%.

UGI Stock Up 0.9 %

UGI stock traded up $0.29 during trading on Wednesday, reaching $31.35. The stock had a trading volume of 1,756,331 shares, compared to its average volume of 1,815,289. UGI has a one year low of $22.01 and a one year high of $31.45. The company’s 50 day moving average is $29.00 and its two-hundred day moving average is $26.07. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 25.28 and a beta of 1.21.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.78%. UGI’s dividend payout ratio (DPR) is presently 120.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UGI shares. Jefferies Financial Group assumed coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective for the company. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, Wells Fargo & Company upped their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.