UGI (NYSE:UGI) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

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

UGI Price Performance

NYSE UGI traded up $0.29 during trading hours on Wednesday, hitting $31.35. The company had a trading volume of 1,756,331 shares, compared to its average volume of 1,815,289. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 25.28 and a beta of 1.21. UGI has a 52 week low of $22.01 and a 52 week high of $31.45. The firm has a 50 day simple moving average of $29.00 and a 200 day simple moving average of $26.07.

UGI Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.78%. UGI’s dividend payout ratio (DPR) is 120.97%.

Analyst Ratings Changes

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