UGI Corp (UGI) : Snyder Capital Management L P reduced its stake in UGI Corp by 0.1% during the most recent quarter end. The investment management company now holds a total of 1,461,245 shares of UGI Corp which is valued at $66,998,083 after selling 1,534 shares in UGI Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.UGI Corp makes up approximately 4.18% of Snyder Capital Management L P’s portfolio.
Other Hedge Funds, Including , Baird Financial Group sold out all of its stake in UGI during the most recent quarter. The investment firm sold 6,585 shares of UGI which is valued $301,922.Blackrock Fund Advisors boosted its stake in UGI in the latest quarter, The investment management firm added 365,759 additional shares and now holds a total of 6,188,727 shares of UGI Corp which is valued at $283,753,133. UGI Corp makes up approx 0.06% of Blackrock Fund Advisors’s portfolio.Acrospire Investment Management reduced its stake in UGI by selling 4,300 shares or 57.23% in the most recent quarter. The Hedge Fund company now holds 3,214 shares of UGI which is valued at $148,005. UGI Corp makes up approx 0.11% of Acrospire Investment Management’s portfolio. Cadence Capital Management sold out all of its stake in UGI during the most recent quarter. The investment firm sold 5,610 shares of UGI which is valued $258,902.
UGI Corp closed down -0.1 points or -0.22% at $45.4 with 5,30,057 shares getting traded on Tuesday. Post opening the session at $45.66, the shares hit an intraday low of $45.36 and an intraday high of $45.82 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 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.