Arvest Bank Trust Division Exits Position in UGI Corp (UGI)

UGI Corp (UGI) : Arvest Bank Trust Division has sold out all of its stake in UGI Corp during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 5,988 shares of UGI Corp which is valued at $261,556.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in UGI in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 7,087 shares of UGI Corp which is valued at $309,560. UGI Corp makes up approx 0.06% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in UGI by selling 42,972 shares or 53.04% in the most recent quarter. The Hedge Fund company now holds 38,053 shares of UGI which is valued at $1,666,341. UGI Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management reduced its stake in UGI by selling 80 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 5,243 shares of UGI which is valued at $229,591. UGI Corp makes up approx 0.01% of Eqis Capital Management’s portfolio. Washington Trust Bank added UGI to its portfolio by purchasing 53 company shares during the most recent quarter which is valued at $2,321.

UGI Corp closed down -0.44 points or -1.00% at $43.68 with 8,84,630 shares getting traded on Friday. Post opening the session at $44.38, the shares hit an intraday low of $43.63 and an intraday high of $44.49 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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