UGI Corporation to Issue Quarterly Dividend of $0.38 (NYSE:UGI)

Key Points

• UGI declared a quarterly dividend of $0.375 per share, payable October 1 to shareholders of record on September 15, representing an annualized yield of approximately 4.2%.
• The company has raised its dividend for 37 consecutive years, with a 47.8% payout ratio; analysts expect its earnings to adequately cover the projected $1.50 annual dividend.
• UGI reported a quarterly loss of $0.20 per share, missing the $0.08 consensus estimate, while revenue of $1.33 billion also fell short of expectations.

UGI Corporation (NYSE:UGI - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be given 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 of this dividend is Tuesday, September 15th.

UGI has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 37 consecutive years. UGI has a dividend payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

UGI stock opened at $35.69 on Thursday. The company has a market cap of $7.65 billion, a P/E ratio of 12.52 and a beta of 0.93. UGI has a one year low of $31.62 and a one year high of $41.34. The business has a fifty day moving average of $35.37 and a two-hundred day moving average of $36.39. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.00.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.12). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.50 billion. UGI had a return on equity of 13.81% and a net margin of 8.71%.UGI has set its FY 2026 guidance at 2.750-2.900 EPS. As a group, analysts predict that UGI will post 2.87 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kathleen Shea-Ballay sold 25,360 shares of the firm's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $33.62, for a total value of $852,603.20. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is owned by insiders.

Institutional Trading of UGI

A number of institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its position in UGI by 11.4% in the fourth quarter. Captrust Financial Advisors now owns 3,191,444 shares of the utilities provider's stock valued at $119,456,000 after purchasing an additional 327,511 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of UGI by 14.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider's stock valued at $30,781,000 after buying an additional 116,372 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in UGI by 17.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider's stock worth $25,971,000 after acquiring an additional 115,409 shares in the last quarter. Foster & Motley Inc. boosted its holdings in UGI by 9.2% in the 1st quarter. Foster & Motley Inc. now owns 180,398 shares of the utilities provider's stock worth $6,570,000 after acquiring an additional 15,211 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in UGI by 234.1% in the third quarter. Tudor Investment Corp ET AL now owns 95,545 shares of the utilities provider's stock valued at $3,178,000 after acquiring an additional 66,946 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

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.

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