Palo Capital Lowers stake in UGI Corp (UGI)

UGI Corp (UGI) : Palo Capital reduced its stake in UGI Corp by 7.95% during the most recent quarter end. The investment management company now holds a total of 44,070 shares of UGI Corp which is valued at $1,757,071 after selling 3,808 shares in UGI Corp , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.UGI Corp makes up approximately 1.39% of Palo Capital’s portfolio.

UGI Corp opened for trading at $39.53 and hit $39.97 on the upside on Friday, eventually ending the session at $39.87, with a gain of 1.19% or 0.47 points. The heightened volatility saw the trading volume jump to 7,12,201 shares. Company has a market cap of $6,854 M.

Other Hedge Funds, Including ,

On the company’s financial health, UGI Corp reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 9, 2015. Analyst had a consensus of $-0.02. The company had revenue of $1082.80 million for the quarter, compared to analysts expectations of $1524.10 million. The company’s revenue was down -17.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.08 EPS.

UGI Corporation is a holding company that through subsidiaries distributes stores transports and markets energy products and related services. The Company is a domestic and international retail distributor of propane and butane and provides natural gas and electric service through regulated local distribution utilities. The Company generates electricity and markets energy commodities. It owns and manages midstream assets. The Company’s subsidiaries and affiliates operate in six business segments: AmeriGas Propane; UGI International – Antargaz; UGI International – Flaga & Other; Energy Services; Electric Generation and Gas Utility. In addition to the segments UGI Corporation owns and operates electric distribution business in Pennsylvania through UGI Utilities and a heating ventilation air-conditioning refrigeration and electrical contracting service business in portions of eastern Pennsylvania and the Mid-Atlantic region of the United States through UGI HVAC Enterprises Inc.

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