In this article, we will look at 5 low-priced blue-chip stocks to buy now. If you want to explore similar stocks, you can go to 10 Low-Priced Blue Chip Stocks to Buy Now.
5. UGI Corporation (NYSE:UGI)
Number of Hedge Fund Holders: 30
Share Price as of June 17: $37.65
UGI Corporation (NYSE:UGI) operates as a gas utility company that distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. UGI Corporation (NYSE:UGI) is one of the best low-priced blue-chip companies to invest in because it is undervalued, pays dividends, and is well-positioned to benefit from rising gas prices.
On May 4, UGI Corporation (NYSE:UGI) announced that its board of directors have declared a quarterly cash dividend of $0.36 per share, up 4.3% from its prior dividend of $0.345. The dividend is payable on July 1 to investors of record on June 15. As of June 17, UGI Corporation (NYSE:UGI) has a forward PE ratio of 12.89, and a dividend yield of 3.82%. The company has been consistent with growing its dividends for the past 19 years and has a 5-year dividend CAGR of 7.70%.
As of March 22, Barclays analyst Christine Cho has a $40 price target and an Equal Weight rating on UGI Corporation (NYSE:UGI).
At the end of Q1 2022, 30 hedge funds disclosed ownership of stakes in UGI Corporation (NYSE:UGI). These stakes were worth $241.76 million, up from $167.25 million in the preceding quarter with 31 positions.
As of March 31, First Eagle Investment Management is the leading shareholder in UGI Corporation (NYSE:UGI), owning over 8.58 million shares of the company.