Low-Risk Retirement Portfolio: Top 5 Stocks

4. UGI Corporation (NYSE:UGI)

Number of Hedge Fund Holders: 30

An American natural gas distribution company, UGI Corporation (NYSE:UGI) reported revenue of $2.03 billion in fiscal Q3 2022, which showed a 35.3% year-over-year growth. The company’s operating cash flow for the quarter stood at $448 million while its free cash flow came in at $252 million.

UGI Corporation (NYSE:UGI) holds a strong dividend history, offering dividends on its common stock for the past 138 years consecutively. Moreover, the company has also been raising its dividends consistently for the past 35 years. It offers a quarterly dividend of $0.36 per share, with a dividend yield of 3.61%, as of August 9.

According to Insider Monkey’s Q1 2022 database, 30 hedge funds held investments in UGI Corporation (NYSE:UGI), down from 31 in the previous quarter. These investments hold a collective value of $241.7 million, compared with $167.2 million worth of stakes owned by hedge funds in Q4 2021.

Diamond Hill Capital mentioned UGI Corporation (NYSE:UGI) in its Q1 2022 investor letter. Here is what the firm has to say:

“Taking a cue from the energy crisis in Europe, investors are questioning whether UGI Corporation, a natural gas and electric power utility, may mismanage commodity risk or face some demand destruction. We believe these risks are transient and manageable. What’s more, UGI has made significant investments in its renewable fuels business, including renewable natural gas (RNG) and bioLPG-propane produced from renewable sources such as plant and vegetable waste material.”