Bragg Financial Advisors disclosed a buy of 207,861 shares of UGI (UGI 0.73%) in its February 13, 2026, SEC filing, an estimated $7.36 million trade based on quarterly average pricing.
What happened
According to a SEC filing dated February 13, 2026, Bragg Financial Advisors, Inc increased its stake in UGI (UGI 0.73%) by 207,861 shares last quarter. The estimated transaction value, based on the mean unadjusted close price over the quarter, was $7.36 million. The fund’s quarter-end exposure to UGI rose to 1,316,362 shares, with the position’s value up $12.40 million from the prior filing.
What else to know
- Top holdings after the filing:
- NASDAQ: AAPL: $81.81 million (2.66% of AUM)
- NASDAQ: MSFT: $80.23 million (2.61% of AUM)
- NASDAQ: GOOGL: $73.00 million (2.38% of AUM)
- NYSEMKT: VBR: $62.54 million (2.04% of AUM)
- NYSE: RLI: $49.95 million (1.63% of AUM)
- As of February 12, 2026, shares of UGI were priced at $38.26, up about 23% over the past year and outperforming the S&P 500 by 10.64 percentage points.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $7.34 billion |
| Net Income (TTM) | $600.00 million |
| Dividend Yield | 3.86% |
| Price (as of market close 2/12/26) | $38.26 |
Company snapshot
- UGI Corporation distributes propane, liquefied petroleum gases (LPG), natural gas, liquid fuels, and electricity; provides storage, logistics, and related services.
- The company operates through AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities segments, generating revenue primarily from energy distribution and infrastructure services.
- It serves residential, commercial, industrial, agricultural, and wholesale customers in the United States and internationally, with a significant customer base in Pennsylvania.
UGI Corporation is a diversified energy distributor with a broad portfolio spanning propane, natural gas, and electricity. The company leverages an integrated infrastructure network to deliver energy products and services to customers across multiple markets. Its scale and multi-segment approach provide resilience and access to stable, regulated revenue streams.
What this transaction means for investors
A diversified utility adding exposure to a portfolio heavy with mega cap tech changes the risk profile in subtle but important ways. UGI opened fiscal 2026 with $2.08 billion in quarterly revenue and 5% growth in total reportable segment EBIT to $441 million. Adjusted diluted EPS came in at $1.26. The Utilities segment delivered 12% operating income growth, helped by base rate increases in Pennsylvania and 16% growth in core market volumes during colder weather. Meanwhile, UGI International expanded operating income 20% despite lower LPG volumes, supported by disciplined margin management.
Management is also reshaping the portfolio. Agreements to divest LPG businesses in several European countries are expected to generate roughly $215 million in cash, while Moody’s upgraded AmeriGas’ outlook to positive. Rate case filings requesting $99 million and $27 million in distribution increases underscore a focus on regulated earnings growth.
At just over 1% of assets, this position sits well below Apple, Microsoft, and Alphabet, but it adds income stability and infrastructure exposure. And with shares up about 23% over the past year, along with a roughly 4% dividend, it makes sense why a fund would choose to double down on the holding.
