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

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

UGI has raised its dividend payment by an average of 3.2% annually over the last three years and has raised its dividend annually for the last 22 consecutive years. UGI has a dividend payout ratio of 49.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of UGI opened at $32.04 on Friday. The company has a market cap of $6.88 billion, a P/E ratio of 25.84 and a beta of 1.21. The stock has a fifty day moving average price of $29.02 and a 200 day moving average price of $26.11. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. UGI has a 12 month low of $22.01 and a 12 month high of $32.63.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates 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 forecast that UGI will post 3 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on UGI. Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target for the company. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and raised their target price for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Wells Fargo & Company raised their target price on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, UGI currently has an average rating of “Moderate Buy” and an average target price of $28.33.

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.