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Here’s What Makes UGI Corporation (UGI) a Good Investment

Diamond Hill Capital, an investment advisor, released its “Small-Mid Cap Strategy” second quarter 2022 investor letter. A copy of the same can be downloaded here. The second quarter was challenging for US stocks and the Russell 1000 Index fell by more than 16%. The fund generated negative returns in the quarter but held better than the Russell 2500 Index. In addition, you can check the top 5 holdings of the fund to know its best choices in 2022.

Diamond Hill Capital discussed stocks like UGI Corporation (NYSE:UGI) in the second quarter 2022 investor letter. Headquartered in King of Prussia, Pennsylvania, UGI Corporation (NYSE:UGI) is in the business of energy products and related services. On September 30, 2022, UGI Corporation (NYSE:UGI) stock closed at $32.33 per share. One-month return of UGI Corporation (NYSE:UGI) was -17.19% and its shares lost 25.51% of their value over the last 52 weeks. UGI Corporation (NYSE:UGI) has a market capitalization of $6.769 billion.

Here is what Diamond Hill Capital specifically said about UGI Corporation (NYSE:UGI) in its Q2 2022 investor letter:

"UGI Corporation (NYSE:UGI), a natural gas and electric power utility, recovered somewhat from a tough Q1 when share prices were pressured on concerns higher energy prices could lead the company to mismanage commodity risk or erode demand. Looking longer-term, we believe UGI has strategically 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."

pipeline,storage tanks and buildings of a refinery - industrial plant for fuel production

UGI Corporation (NYSE:UGI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held UGI Corporation (NYSE:UGI) at the end of the second quarter which was 30 in the previous quarter.

We discussed UGI Corporation (NYSE:UGI) in another article and shared First Eagle Investments’ views on the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

Disclosure: None. This article is originally published at Insider Monkey.

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