UGI (NYSE:UGI) posted its quarterly earnings data on Monday. The utilities provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.07), Morningstar.com reports. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.43 billion. UGI had a net margin of 5.14% and a return on equity of 10.31%.
UGI stock opened at $46.82 on Tuesday. UGI has a twelve month low of $48.77 and a twelve month high of $59.31. The company’s 50 day moving average is $52.19. The company has a market cap of $8.91 billion, a P/E ratio of 17.09, a P/E/G ratio of 2.73 and a beta of 0.59. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.99.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 9th will be given a dividend of $0.325 per share. This is an increase from UGI’s previous quarterly dividend of $0.30. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, August 8th. UGI’s dividend payout ratio is currently 43.80%.
In related news, Director Frank S. Hermance bought 100,000 shares of UGI stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $54.10 per share, with a total value of $5,410,000.00. Following the transaction, the director now directly owns 250,000 shares of the company’s stock, valued at $13,525,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John L. Walsh sold 50,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $54.19, for a total transaction of $2,709,500.00. Following the transaction, the chief executive officer now directly owns 502,226 shares of the company’s stock, valued at $27,215,626.94. The disclosure for this sale can be found here. Insiders have sold a total of 84,671 shares of company stock valued at $4,545,613 over the last three months. Insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UGI. Bogart Wealth LLC bought a new position in UGI in the 1st quarter worth approximately $28,000. FinTrust Capital Advisors LLC bought a new position in UGI in the 1st quarter worth approximately $28,000. Meridian Wealth Management LLC bought a new position in UGI in the 1st quarter worth approximately $33,000. Stone House Investment Management LLC bought a new position in UGI in the 1st quarter worth approximately $39,000. Finally, FNY Investment Advisers LLC boosted its holdings in UGI by 57.8% in the 1st quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock worth $43,000 after buying an additional 286 shares during the period. 79.47% of the stock is owned by institutional investors.
UGI Company Profile
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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