UGI (UGI) to Release Earnings on Wednesday

UGI (NYSE:UGIGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 3rd. Analysts expect UGI to post earnings of $0.10 per share for the quarter. UGI has set its FY22 guidance at $2.90-3.00 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

UGI (NYSE:UGIGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The utilities provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.03. UGI had a net margin of 16.65% and a return on equity of 10.80%. The business had revenue of $3.47 billion during the quarter. On average, analysts expect UGI to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

UGI Price Performance

Shares of NYSE UGI opened at $43.16 on Monday. UGI has a twelve month low of $33.04 and a twelve month high of $48.55. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 1.80 and a beta of 0.96. The firm has a 50-day moving average of $40.77 and a two-hundred day moving average of $39.15.

UGI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.34%. This is an increase from UGI’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, June 14th. UGI’s dividend payout ratio is presently 20.57%.

Insiders Place Their Bets

In other UGI news, Director John L. Walsh sold 105,000 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $42.36, for a total transaction of $4,447,800.00. Following the sale, the director now owns 429,734 shares in the company, valued at approximately $18,203,532.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On UGI

Large investors have recently made changes to their positions in the business. Worth Asset Management LLC acquired a new position in shares of UGI in the 1st quarter valued at about $81,000. Bridgefront Capital LLC acquired a new position in UGI in the first quarter worth approximately $236,000. Prudential PLC acquired a new position in UGI in the first quarter worth approximately $240,000. Echo Street Capital Management LLC increased its holdings in UGI by 8.9% in the first quarter. Echo Street Capital Management LLC now owns 7,407 shares of the utilities provider’s stock worth $268,000 after buying an additional 603 shares during the last quarter. Finally, Quantamental Technologies LLC increased its holdings in UGI by 6.5% in the first quarter. Quantamental Technologies LLC now owns 7,820 shares of the utilities provider’s stock worth $283,000 after buying an additional 480 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of UGI from a “sell” rating to a “hold” rating in a report on Saturday, May 14th.

UGI Company Profile

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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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.

See Also

Earnings History for UGI (NYSE:UGI)

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