UGI (NYSE:UGI) Trading Up 8.4% Following Dividend Announcement

UGI Co. (NYSE:UGIGet Free Report) shares rose 8.4% during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $24.28 and last traded at $24.00. Approximately 1,666,736 shares traded hands during trading, a decline of 12% from the average daily volume of 1,891,648 shares. The stock had previously closed at $22.14.

The newly announced dividend which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, March 14th. UGI’s dividend payout ratio is presently -68.18%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UGI. Mizuho decreased their price target on shares of UGI from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th. StockNews.com raised shares of UGI from a “sell” rating to a “hold” rating in a research note on Thursday, November 23rd.

Read Our Latest Report on UGI

UGI Stock Down 2.3 %

The company’s 50 day moving average price is $23.37 and its two-hundred day moving average price is $23.26. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 1.55. The stock has a market cap of $5.14 billion, a P/E ratio of -11.15, a P/E/G ratio of 1.11 and a beta of 1.13.

UGI (NYSE:UGIGet Free Report) last issued its quarterly earnings data on Thursday, November 16th. The utilities provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $2.02 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 13.91%. As a group, research analysts expect that UGI Co. will post 2.84 earnings per share for the current year.

Hedge Funds Weigh In On UGI

Large investors have recently bought and sold shares of the business. Hourglass Capital LLC bought a new position in UGI in the third quarter worth approximately $1,461,000. Reinhart Partners LLC. raised its stake in UGI by 30.2% in the third quarter. Reinhart Partners LLC. now owns 571,751 shares of the utilities provider’s stock worth $13,150,000 after buying an additional 132,450 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of UGI by 85.4% during the third quarter. Fox Run Management L.L.C. now owns 69,065 shares of the utilities provider’s stock worth $1,588,000 after purchasing an additional 31,814 shares in the last quarter. Versor Investments LP acquired a new position in shares of UGI during the second quarter worth $689,000. Finally, Ergoteles LLC acquired a new position in shares of UGI during the second quarter worth $5,976,000. Institutional investors own 81.53% of the company’s stock.

UGI Company Profile

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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.

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