UGI (NYSE:UGI) Releases FY22 Earnings Guidance

UGI (NYSE:UGIGet Rating) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.90-3.00 for the period, compared to the consensus estimate of $2.74.

Several research analysts have recently commented on the company. Bank of America lowered UGI from a buy rating to a neutral rating and reduced their price target for the stock from $46.00 to $38.00 in a research report on Monday, March 7th. TheStreet lowered UGI from a b rating to a c+ rating in a research report on Monday, February 7th. Barclays dropped their target price on UGI from $45.00 to $40.00 in a research note on Tuesday, March 22nd. Finally, StockNews.com downgraded UGI from a hold rating to a sell rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $42.25.

UGI stock traded up $0.59 during trading hours on Friday, hitting $37.69. 1,578,681 shares of the stock traded hands, compared to its average volume of 1,579,924. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 5.38, a P/E/G ratio of 1.67 and a beta of 0.98. The firm’s 50 day moving average price is $35.85 and its 200-day moving average price is $40.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.33 and a quick ratio of 1.12. UGI has a 1 year low of $33.04 and a 1 year high of $48.55.

UGI (NYSE:UGIGet Rating) last issued its quarterly earnings data on Wednesday, February 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.30). The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.23 billion. UGI had a net margin of 16.65% and a return on equity of 11.29%. During the same period last year, the firm earned $1.18 EPS. Research analysts forecast that UGI will post 2.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be issued a $0.36 dividend. This is a boost from UGI’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, June 14th. This represents a $1.44 dividend on an annualized basis and a yield of 3.82%. UGI’s dividend payout ratio is presently 19.71%.

In other UGI news, Director Frank S. Hermance purchased 65,000 shares of UGI stock in a transaction that occurred on Wednesday, February 16th. The stock was bought at an average price of $38.15 per share, with a total value of $2,479,750.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UGI. Neo Ivy Capital Management acquired a new position in shares of UGI during the fourth quarter valued at approximately $69,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of UGI in the fourth quarter valued at approximately $220,000. Paradigm Financial Partners LLC purchased a new stake in shares of UGI in the fourth quarter valued at approximately $226,000. JustInvest LLC grew its position in shares of UGI by 34.0% in the fourth quarter. JustInvest LLC now owns 8,746 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 2,217 shares in the last quarter. Finally, Allstate Corp grew its position in shares of UGI by 2.5% in the fourth quarter. Allstate Corp now owns 16,157 shares of the utilities provider’s stock valued at $742,000 after purchasing an additional 389 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

About UGI (Get Rating)

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.

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Earnings History and Estimates for UGI (NYSE:UGI)

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