5 Utility Dividend Stocks with High Yields

3. UGI Corporation (NYSE:UGI)

Number of Hedge Fund Holders: 31

Dividend Yield as of May 16: 3.70% 

UGI Corporation (NYSE:UGI) markets energy-related products and services. The company posted earnings for the second fiscal quarter of 2022 on May 4, reporting earnings per share of $1.91, beating estimates by $0.07. The revenue over the period was $3.4 billion, up 34% year-on-year and beating estimates by $620 million. The firm also declared a quarterly dividend of $0.36 per share on May 4, an increase of 4.3% from the previous dividend of $0.345 per share. The dividend is payable to shareholders by mid-June. 

On March 22, Barclays analyst Christine Cho maintained an Equal Weight rating on UGI Corporation (NYSE:UGI) stock with a price target of $40, predicting that gas prices would moderate in the coming months and recoup margin headwinds in the sector.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm First Eagle Investment Management is a leading shareholder in UGI Corporation (NYSE:UGI), with 8.6 million shares worth more than $396 million.