Cribstone Capital Management Lowers stake in UGI Corp (UGI)

UGI Corp (UGI) : Cribstone Capital Management reduced its stake in UGI Corp by 15.45% during the most recent quarter end. The investment management company now holds a total of 28,739 shares of UGI Corp which is valued at $1,292,105 after selling 5,252 shares in UGI Corp , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.UGI Corp makes up approximately 0.80% of Cribstone Capital Management’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. added UGI to its portfolio by purchasing 5,900 company shares during the most recent quarter which is valued at $265,264. UGI Corp makes up approx 0.12% of Fox Run Management L.l.c.’s portfolio. Harvest Capital Management Inc added UGI to its portfolio by purchasing 4,920 company shares during the most recent quarter which is valued at $223,811. UGI Corp makes up approx 0.10% of Harvest Capital Management Inc’s portfolio.

UGI Corp (UGI) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $45 and reached the intraday high at $45.03. The bulls started the profit booking and pushed the shares to intraday low of $44.8. The trading session was marked by a volume range of 5,04,431 shares exchanging hands. The 52-week high of the shares is $45.65 and the 52-week low is $31.505. The market cap of the company stands at $7,764 M and there are 17,26,80,790 shares in public circulation.

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.

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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