UGI Corp(NYSE:UGI) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $1.13B. Analysts estimated a revenue of $1.32B. Earnings per share were $0.23. Analysts had estimated an EPS of $0.07.
In a different note, On Jul 25, 2016, Jefferies said it Maintains its rating on UGI Corp. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 20, 2016, Barclays said it Downgrades its rating on UGI Corp. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Underweight’ by the firm. On May 26, 2016, Janney Capital said it Assumes its rating on UGI Corp. The shares have been rated ‘Neutral’ by the firm. On May 4, 2016, Citigroup said it Maintains its rating on UGI Corp. In the research note, the firm Raises the price-target to $36.50 per share. The shares have been rated ‘Neutral’ by the firm.
UGI Corp (UGI) made into the market gainers list on Mondays trading session with the shares advancing 0.11% or 0.05 points. Due to strong positive momentum, the stock ended at $46.05, which is also near the day’s high of $46.31. The stock began the session at $45.88 and the volume stood at 6,41,973 shares. The 52-week high of the shares is $46.539 and the 52 week low is $31.505. The company has a current market capitalization of $7,952 M and it has 17,26,80,790 shares in outstanding.
UGI Corp has also declared a cash dividend of $0.2375 on Jul 26, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed on Sep 15, 2016. The dividend payable date has been fixed on Oct 1, 2016.
Several Insider Transactions has been reported to the SEC. On Jun 23, 2016, John L Walsh (President & CEO) sold 9,500 shares at $43.79 per share price.Also, On Jun 23, 2016, Kirk R Oliver (CFO) sold 14,062 shares at $43.77 per share price.On May 17, 2016, Robert F. Beard (President & CEO of subsidiary) sold 16,500 shares at $42.08 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Companys 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.