UGI Corp Stock Scheduled to Split on Monday, September 8th (UGI)
Shares of UGI Corp (NYSE:UGI) are set to split on the morning of Monday, September 8th, ARN reports. The 3-2 split was announced on Tuesday, July 29th. The newly minted shares will be distributed to shareholders after the market closes on Friday, September 5th.
UGI Corp (NYSE:UGI) traded up 0.25% on Friday, hitting $51.94. 828,427 shares of the company’s stock traded hands. UGI Corp has a 1-year low of $37.88 and a 1-year high of $52.29. The stock has a 50-day moving average of $49.97 and a 200-day moving average of $47.20. The company has a market cap of $5.969 billion and a price-to-earnings ratio of 17.62.
UGI Corp (NYSE:UGI) last announced its earnings results on Tuesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02. Analysts expect that UGI Corp will post $3.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 11th. This is a boost from UGI Corp’s previous quarterly dividend of $0.20.
Separately, analysts at BMO Capital Markets raised their price target on shares of UGI Corp from $49.00 to $50.00 in a research note on Thursday, July 3rd. They now have a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $49.00.
In other UGI Corp news, CEO Jerry E. Sheridan sold 43,083 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $51.32, for a total value of $2,211,019.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
UGI Corporation (NYSE:UGI) is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services.
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