Howland Capital Management Lowers stake in UGI Corp (UGI)

UGI Corp (UGI) : Howland Capital Management reduced its stake in UGI Corp by 2.53% during the most recent quarter end. The investment management company now holds a total of 557,434 shares of UGI Corp which is valued at $24,744,495 after selling 14,461 shares in UGI Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.UGI Corp makes up approximately 2.35% of Howland Capital Management’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in UGI in the latest quarter, The investment management firm added 3,711 additional shares and now holds a total of 123,713 shares of UGI Corp which is valued at $5,314,710. UGI Corp makes up approx 0.07% of Nisa Investment Advisors’s portfolio.Capstone Asset Management Co boosted its stake in UGI in the latest quarter, The investment management firm added 495 additional shares and now holds a total of 49,107 shares of UGI Corp which is valued at $2,109,637. UGI Corp makes up approx 0.06% of Capstone Asset Management Co’s portfolio.Dorsey Wright Associates boosted its stake in UGI in the latest quarter, The investment management firm added 503 additional shares and now holds a total of 17,807 shares of UGI Corp which is valued at $785,289. UGI Corp makes up approx 0.40% of Dorsey Wright Associates’s portfolio. Arvest Bank Trust Division sold out all of its stake in UGI during the most recent quarter. The investment firm sold 5,988 shares of UGI which is valued $261,556.

UGI Corp closed down -1.14 points or -2.59% at $42.96 with 8,96,852 shares getting traded on Tuesday. Post opening the session at $43.91, the shares hit an intraday low of $42.86 and an intraday high of $44.03 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.

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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