Barclays Assumes UGI Corp to Equal-weight

Brokerage firm Barclays Assumes its rating on UGI Corp(NYSE:UGI). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

UGI Corp (UGI) made into the market gainers list on Fridays trading session with the shares advancing 0.61% or 0.25 points. Due to strong positive momentum, the stock ended at $41.03, which is also near the day’s high of $41.1597. The stock began the session at $40.73 and the volume stood at 5,98,542 shares. The 52-week high of the shares is $41.1597 and the 52 week low is $31.505. The company has a current market capitalization of $7,054 M and it has 17,19,14,720 shares in outstanding.

UGI Corp(UGI) last announced its earnings results on Feb 1, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.61B. Analysts had an estimated revenue of $2.45B. Earnings per share were $0.64. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Marie-dominiq Ortiz-landazabal (Chief Accounting Officer) sold 10,000 shares at $39.03 per share price.Also, On Mar 4, 2016, Ernest E Jones (director) sold 6,423 shares at $38.09 per share price.On Aug 17, 2015, John L Walsh (President & CEO) sold 15,000 shares at $35.93 per share price, according to the Form-4 filing with the securities and exchange commission.

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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