UNITIL Corporation (NYSE:UTL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Separately, Zacks Investment Research lowered shares of UNITIL Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
Shares of UNITIL Corporation (UTL) traded down 0.3947% during trading on Thursday, reaching $50.1712. 1,393 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $49.61 and its 200 day moving average price is $47.02. UNITIL Corporation has a 52 week low of $37.31 and a 52 week high of $52.20. The firm has a market capitalization of $708.17 million, a PE ratio of 24.1092 and a beta of 0.21.
UNITIL Corporation (NYSE:UTL) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. The company had revenue of $80.80 million during the quarter, compared to the consensus estimate of $78.10 million. During the same period in the prior year, the company earned $0.18 EPS. Analysts predict that UNITIL Corporation will post $2.00 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of UTL. Los Angeles Capital Management & Equity Research Inc. raised its stake in UNITIL Corporation by 1.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,040 shares of the utilities provider’s stock worth $452,000 after buying an additional 100 shares in the last quarter. Bank of Montreal Can raised its stake in UNITIL Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 6,770 shares of the utilities provider’s stock worth $305,000 after buying an additional 124 shares in the last quarter. Bessemer Group Inc. raised its stake in UNITIL Corporation by 0.6% in the second quarter. Bessemer Group Inc. now owns 35,340 shares of the utilities provider’s stock worth $1,706,000 after buying an additional 228 shares in the last quarter. Strs Ohio raised its stake in UNITIL Corporation by 6.8% in the second quarter. Strs Ohio now owns 6,300 shares of the utilities provider’s stock worth $304,000 after buying an additional 400 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in UNITIL Corporation by 11.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,511 shares of the utilities provider’s stock worth $203,000 after buying an additional 464 shares in the last quarter. 58.90% of the stock is owned by institutional investors.
UNITIL Corporation Company Profile
Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.
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