UGI Co. to Post FY2024 Earnings of $2.91 Per Share, Zacks Research Forecasts (NYSE:UGI)

UGI Co. (NYSE:UGI) – Equities research analysts at Zacks Research lifted their FY2024 earnings estimates for UGI in a report issued on Wednesday, May 22nd. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $2.91 per share for the year, up from their previous estimate of $2.89. The consensus estimate for UGI’s current full-year earnings is $2.91 per share. Zacks Research also issued estimates for UGI’s Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.77 EPS, FY2025 earnings at $3.05 EPS, Q1 2026 earnings at $1.34 EPS, Q2 2026 earnings at $1.82 EPS and FY2026 earnings at $3.20 EPS.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.32. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $3.07 billion. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS.

Other analysts also recently issued reports about the company. Mizuho increased their price objective on UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company dropped their target price on UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Finally, StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd.

UGI Trading Down 0.3 %

NYSE:UGI opened at $24.63 on Thursday. UGI has a one year low of $20.19 and a one year high of $29.76. The company has a market cap of $5.16 billion, a PE ratio of -60.06 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01. The firm has a 50-day moving average of $24.61 and a 200-day moving average of $23.82.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, June 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.09%. UGI’s dividend payout ratio is currently -365.84%.

Hedge Funds Weigh In On UGI

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in UGI by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock worth $661,669,000 after purchasing an additional 625,128 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in UGI by 1.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock worth $89,962,000 after buying an additional 45,630 shares in the last quarter. Federated Hermes Inc. increased its stake in UGI by 5.5% in the 4th quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock worth $61,554,000 after acquiring an additional 130,010 shares during the last quarter. Norges Bank purchased a new stake in shares of UGI in the 4th quarter valued at about $46,034,000. Finally, Russell Investments Group Ltd. boosted its position in shares of UGI by 5.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock valued at $43,121,000 after acquiring an additional 83,219 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

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.