Jefferies Group Comments on UGI Corp’s FY2019 Earnings (UGI)
UGI Corp (NYSE:UGI) – Equities researchers at Jefferies Group increased their FY2019 earnings per share (EPS) estimates for shares of UGI in a research note issued to investors on Friday. Jefferies Group analyst C. Sighinolfi now anticipates that the utilities provider will earn $2.63 per share for the year, up from their prior forecast of $2.62.
UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, November 8th. The utilities provider reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). UGI had a return on equity of 10.65% and a net margin of 7.13%.
UGI (UGI) traded down $0.26 during mid-day trading on Monday, hitting $47.34. The stock had a trading volume of 692,754 shares, compared to its average volume of 810,033. UGI has a 52 week low of $45.04 and a 52 week high of $52.00. The company has a market cap of $8,197.02, a price-to-earnings ratio of 19.24 and a beta of 0.68. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 1.00.
Several institutional investors and hedge funds have recently made changes to their positions in UGI. Kistler Tiffany Companies LLC boosted its holdings 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 worth $198,000 after acquiring an additional 1,242 shares in the last quarter. Acropolis Investment Management LLC acquired a new position in shares of UGI in the 4th quarter worth approximately $248,000. Moneta Group Investment Advisors LLC acquired a new position in shares of UGI in the 3rd quarter worth approximately $323,000. FDx Advisors Inc. acquired a new position in shares of UGI in the 3rd quarter worth approximately $547,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of UGI by 10.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock worth $690,000 after acquiring an additional 1,336 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, December 14th. UGI’s payout ratio is currently 40.65%.
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UGI Company Profile
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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