Spirit Of America Management Corpny buys $4,793,504 stake in UGI Corp (UGI)

UGI Corp (UGI) : Spirit Of America Management Corpny scooped up 14,600 additional shares in UGI Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 107,550 shares of UGI Corp which is valued at $4,793,504.UGI Corp makes up approximately 0.63% of Spirit Of America Management Corpny’s portfolio.

Other Hedge Funds, Including , At Bancorp reduced its stake in UGI by selling 51,846 shares or 57.14% in the most recent quarter. The Hedge Fund company now holds 38,896 shares of UGI which is valued at $1,726,593. UGI Corp makes up approx 0.24% of At Bancorp’s portfolio.Legal General Group Plc boosted its stake in UGI in the latest quarter, The investment management firm added 16,466 additional shares and now holds a total of 228,752 shares of UGI Corp which is valued at $9,827,186. UGI Corp makes up approx 0.01% of Legal General Group Plc’s portfolio.Eagle Asset Management Inc reduced its stake in UGI by selling 384 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 45,319 shares of UGI which is valued at $1,946,904. UGI Corp makes up approx 0.01% of Eagle Asset Management Inc’s portfolio.Weaver C. Barksdale Associates boosted its stake in UGI in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 598 shares of UGI Corp which is valued at $25,690. UGI Corp makes up approx 0.04% of Weaver C. Barksdale Associates’s portfolio.

UGI Corp opened for trading at $44.35 and hit $44.75 on the upside on Friday, eventually ending the session at $44.57, with a gain of 0.41% or 0.18 points. The heightened volatility saw the trading volume jump to 8,48,392 shares. Company has a market cap of $7,722 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.

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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