UGI Corp (UGI) : Wright Investors Service Inc scooped up 1,755 additional shares in UGI Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 38,342 shares of UGI Corp which is valued at $1,769,483.UGI Corp makes up approximately 0.71% of Wright Investors Service Inc’s portfolio.
Other Hedge Funds, Including , Channing Capital Management boosted its stake in UGI in the latest quarter, The investment management firm added 10,602 additional shares and now holds a total of 115,552 shares of UGI Corp which is valued at $5,332,725. UGI Corp makes up approx 0.21% of Channing Capital Management’s portfolio.First Citizens Bank Trust Co boosted its stake in UGI in the latest quarter, The investment management firm added 970 additional shares and now holds a total of 16,121 shares of UGI Corp which is valued at $729,636. UGI Corp makes up approx 0.06% of First Citizens Bank Trust Co’s portfolio.Spectrum Management Group boosted its stake in UGI in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 10,815 shares of UGI Corp which is valued at $489,487. UGI Corp makes up approx 0.20% of Spectrum Management Group’s portfolio.Checchi Capital Advisers reduced its stake in UGI by selling 396 shares or 14.18% in the most recent quarter. The Hedge Fund company now holds 2,396 shares of UGI which is valued at $108,826. UGI Corp makes up approx 0.03% of Checchi Capital Advisers’s portfolio.
UGI Corp opened for trading at $46.07 and hit $46.539 on the upside on Thursday, eventually ending the session at $46.22, with a gain of 0.15% or 0.07 points. The heightened volatility saw the trading volume jump to 4,71,791 shares. Company has a market cap of $7,981 M.
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.
Investors should note that on Jul 26, 2016, UGI Corp announced a cash dividend of $0.2375. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 1, 2016.
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 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.