Palo Capital buys $4,366,679 stake in UGI Corp (UGI)

UGI Corp (UGI) : Palo Capital scooped up 52,070 additional shares in UGI Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 96,140 shares of UGI Corp which is valued at $4,366,679.UGI Corp makes up approximately 1.45% of Palo Capital’s portfolio.

Other Hedge Funds, Including , Coastline Trust Co reduced its stake in UGI by selling 865 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 39,698 shares of UGI which is valued at $1,784,822. UGI Corp makes up approx 0.35% of Coastline Trust Co’s portfolio.Nisa Investment Advisors boosted its stake in UGI in the latest quarter, The investment management firm added 29,452 additional shares and now holds a total of 120,002 shares of UGI Corp which is valued at $5,406,090. UGI Corp makes up approx 0.07% of Nisa Investment Advisors’s portfolio. Iowa State Bank added UGI to its portfolio by purchasing 954 company shares during the most recent quarter which is valued at $42,682. UGI Corp makes up approx 0.02% of Iowa State Bank’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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