UGI (NYSE:UGI) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

UGI (NYSE:UGI - Get Free Report) released its quarterly earnings results on Wednesday. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16, Zacks reports. UGI had a return on equity of 15.21% and a net margin of 7.73%.

UGI Trading Up 0.1 %

NYSE:UGI traded up $0.02 during mid-day trading on Friday, hitting $32.03. 3,401,487 shares of the stock traded hands, compared to its average volume of 1,850,041. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. UGI has a 52 week low of $22.01 and a 52 week high of $32.63. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.22 and a beta of 1.21. The firm's 50 day moving average is $29.10 and its two-hundred day moving average is $26.22.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.68%. UGI's dividend payout ratio (DPR) is presently 59.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of UGI in a report on Friday, November 22nd. They issued a "buy" rating and a $28.00 target price for the company. Wells Fargo & Company upped their target price on shares of UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Finally, Mizuho raised UGI from a "neutral" rating to an "outperform" rating and raised their price target for the company from $27.00 to $30.00 in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.33.

About UGI

UGI Corporation, together with its subsidiaries, 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 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.