Zacks Research Analysts Cut Earnings Estimates for UGI Co. (NYSE:UGI)

UGI Co. (NYSE:UGI) – Stock analysts at Zacks Research reduced their Q3 2024 earnings estimates for UGI in a research note issued on Wednesday, May 22nd. Zacks Research analyst R. Department now forecasts that the utilities provider will earn ($0.05) per share for the quarter, down from their previous estimate of $0.15. The consensus estimate for UGI’s current full-year earnings is $2.92 per share. Zacks Research also issued estimates for UGI’s Q4 2024 earnings at ($0.20) EPS, Q3 2025 earnings at $0.02 EPS and Q4 2025 earnings at ($0.03) EPS.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, beating the consensus estimate 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 negative net margin of 0.89% and a positive return on equity of 15.78%. UGI’s revenue was down 20.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 earnings per share.

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

UGI Trading Down 1.6 %

Shares of UGI stock opened at $24.06 on Friday. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -58.68 and a beta of 1.13. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44. UGI has a 12-month low of $20.19 and a 12-month high of $29.76. The firm’s 50-day moving average price is $24.62 and its two-hundred day moving average price is $23.85.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UGI. Mitsubishi UFJ Trust & Banking Corp raised its holdings in UGI by 503.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock valued at $66,810,000 after buying an additional 2,423,713 shares during the last quarter. Norges Bank bought a new position in UGI during the 4th quarter worth approximately $46,034,000. Federated Hermes Inc. raised its holdings in UGI by 67.0% during the 3rd quarter. Federated Hermes Inc. now owns 2,372,182 shares of the utilities provider’s stock worth $54,560,000 after purchasing an additional 951,405 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in UGI by 309.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,175,347 shares of the utilities provider’s stock worth $27,033,000 after purchasing an additional 888,072 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in UGI by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after purchasing an additional 781,929 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.23%. UGI’s dividend payout ratio (DPR) is presently -365.84%.

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.