Jefferies Group Comments on UGI Corp’s FY2019 Earnings (UGI)
UGI Corp (NYSE:UGI) – Stock analysts at Jefferies Group boosted their FY2019 earnings per share estimates for shares of UGI in a research note issued to investors on Friday. Jefferies Group analyst C. Sighinolfi now expects that the utilities provider will post earnings per share of $2.63 for the year, up from their prior forecast of $2.62.
UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, November 8th. The utilities provider reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). UGI had a return on equity of 10.65% and a net margin of 7.13%.
UGI (NYSE UGI) traded down $0.26 during trading hours on Monday, reaching $47.34. The company’s stock had a trading volume of 692,754 shares, compared to its average volume of 810,033. UGI has a 12-month low of $45.04 and a 12-month high of $52.00. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 1.00. The firm has a market cap of $8,197.02, a P/E ratio of 19.24 and a beta of 0.68.
A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its holdings in UGI by 4.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 111,430 shares of the utilities provider’s stock worth $5,232,000 after buying an additional 4,448 shares in the last quarter. Acropolis Investment Management LLC acquired a new position in shares of UGI in the 4th quarter valued at $248,000. Kistler Tiffany Companies LLC lifted its stake in shares of UGI by 41.6% in the 4th quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 1,242 shares during the period. Prudential Financial Inc. lifted its stake in shares of UGI by 12.2% in the 3rd quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock valued at $104,248,000 after purchasing an additional 241,470 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of UGI by 8.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 528,435 shares of the utilities provider’s stock valued at $24,762,000 after purchasing an additional 42,601 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Friday, December 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, December 14th. UGI’s dividend payout ratio is 40.65%.
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UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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