New Amsterdam Partnersny Lowers stake in UGI Corp (UGI)

UGI Corp (UGI) : New Amsterdam Partnersny reduced its stake in UGI Corp by 63.85% during the most recent quarter end. The investment management company now holds a total of 131,317 shares of UGI Corp which is valued at $6,060,280 after selling 231,896 shares in UGI Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.UGI Corp makes up approximately 1.41% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in UGI by selling 2,230 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 374,564 shares of UGI which is valued at $17,286,129. UGI Corp makes up approx 0.04% of California State Teachers Retirement System’s portfolio.Meeder Asset Management Inc boosted its stake in UGI in the latest quarter, The investment management firm added 1,831 additional shares and now holds a total of 11,515 shares of UGI Corp which is valued at $523,011. UGI Corp makes up approx 0.05% of Meeder Asset Management Inc’s portfolio.Checchi Capital Advisers reduced its stake in UGI by selling 396 shares or 14.18% in the most recent quarter. The Hedge Fund company now holds 2,396 shares of UGI which is valued at $108,826. UGI Corp makes up approx 0.03% of Checchi Capital Advisers’s portfolio.Legacy Private Trust boosted its stake in UGI in the latest quarter, The investment management firm added 9,622 additional shares and now holds a total of 49,145 shares of UGI Corp which is valued at $2,213,982. UGI Corp makes up approx 0.32% of Legacy Private Trust’s portfolio.

UGI Corp opened for trading at $46.07 and hit $46.539 on the upside on Thursday, eventually ending the session at $46.22, with a gain of 0.15% or 0.07 points. The heightened volatility saw the trading volume jump to 4,71,791 shares. Company has a market cap of $7,981 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 Jul 26, 2016, UGI Corp announced a cash dividend of $0.2375. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 1, 2016.

Many Wall Street Analysts have commented on UGI Corp. Company shares were Downgraded by Barclays on Jun 20, 2016 to ” Underweight”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .

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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