UGI Corp (UGI) was Downgraded by Barclays to ” Underweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 42 from a previous price target of $39 . Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Jun 20, 2016.
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 Corp opened for trading at $43.91 and hit $44.28 on the upside on Friday, eventually ending the session at $44.27, with a gain of 0.43% or 0.19 points. The heightened volatility saw the trading volume jump to 12,55,512 shares. Company has a market cap of $7,645 M.
In a different news, on May 17, 2016, Robert F. Beard (President & CEO of subsidiary) sold 16,500 shares at $42.08 per share price. According to the SEC, on May 17, 2016, Jerry E Sheridan (President & CEO of Subsidiary) sold 64,125 shares at $41.09 per share price. On May 11, 2016, Bradley C Hall (VP New Business Development) sold 126,000 shares at $41.19 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 Companys 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.