Snyder Capital Management L P Lowers stake in UGI Corp (UGI)

UGI Corp (UGI) : Snyder Capital Management L P reduced its stake in UGI Corp by 6.49% during the most recent quarter end. The investment management company now holds a total of 1,462,779 shares of UGI Corp which is valued at $61.6 Million after selling 101,536 shares in UGI Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.UGI Corp makes up approximately 4.17% of Snyder Capital Management L P’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in UGI in the latest quarter, The investment management firm added 27,601 additional shares and now holds a total of 58,471 shares of UGI Corp which is valued at $2.5 Million. UGI Corp makes up approx 0.01% of Credit Agricole S A’s portfolio.Ironbridge Capital Management Lp boosted its stake in UGI in the latest quarter, The investment management firm added 790 additional shares and now holds a total of 947,605 shares of UGI Corp which is valued at $39.9 Million. UGI Corp makes up approx 1.60% of Ironbridge Capital Management Lp’s portfolio. Parametrica Management Ltd added UGI to its portfolio by purchasing 5,244 company shares during the most recent quarter which is valued at $214,480. UGI Corp makes up approx 0.77% of Parametrica Management Ltd’s portfolio.Cadence Bank Na boosted its stake in UGI in the latest quarter, The investment management firm added 1,431 additional shares and now holds a total of 29,671 shares of UGI Corp which is valued at $1.2 Million. UGI Corp makes up approx 0.63% of Cadence Bank Na’s portfolio.

UGI Corp opened for trading at $42.59 and hit $43.13 on the upside on Friday, eventually ending the session at $43.12, with a gain of 1.24% or 0.53 points. The heightened volatility saw the trading volume jump to 9,42,664 shares. Company has a market cap of $7,446,005 M.

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.

Investors should note that on Apr 28, 2016, UGI Corp announced a cash dividend of $0.2375. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jul 1, 2016.

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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