Ironbridge Capital Management Lp buys $39.9 Million stake in UGI Corp (UGI)

UGI Corp (UGI) : Ironbridge Capital Management Lp scooped up 790 additional shares in UGI Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 947,605 shares of UGI Corp which is valued at $39.9 Million.UGI Corp makes up approximately 1.60% of Ironbridge Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Convergence Investment Partners boosted its stake in UGI in the latest quarter, The investment management firm added 3,509 additional shares and now holds a total of 83,582 shares of UGI Corp which is valued at $3.5 Million. UGI Corp makes up approx 0.42% of Convergence Investment Partners’s portfolio.Gamco Investors Et Al boosted its stake in UGI in the latest quarter, The investment management firm added 1,316 additional shares and now holds a total of 33,035 shares of UGI Corp which is valued at $1.4 Million. UGI Corp makes up approx 0.01% of Gamco Investors Et Al’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in UGI by selling 3,020 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 40,902 shares of UGI which is valued at $1.6 Million. UGI Corp makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Aperio Group boosted its stake in UGI in the latest quarter, The investment management firm added 2,988 additional shares and now holds a total of 33,743 shares of UGI Corp which is valued at $1.4 Million. UGI Corp makes up approx 0.01% of Aperio Group’s portfolio.

UGI Corp opened for trading at $42.21 and hit $42.915 on the upside on Monday, eventually ending the session at $42.89, with a gain of 1.85% or 0.78 points. The heightened volatility saw the trading volume jump to 10,50,859 shares. Company has a market cap of $7,406 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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