Chicago Equity Partners LLC acquired a new stake in UNITIL Corporation (NYSE:UTL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,730 shares of the utilities provider’s stock, valued at approximately $518,000. Chicago Equity Partners LLC owned 0.08% of UNITIL Corporation as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in UTL. Teachers Advisors LLC boosted its stake in shares of UNITIL Corporation by 7.0% in the 4th quarter. Teachers Advisors LLC now owns 28,378 shares of the utilities provider’s stock valued at $1,287,000 after buying an additional 1,858 shares during the period. Bank of Montreal Can boosted its stake in shares of UNITIL Corporation by 1.9% in the 1st quarter. Bank of Montreal Can now owns 6,770 shares of the utilities provider’s stock valued at $305,000 after buying an additional 124 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of UNITIL Corporation by 5.7% in the 1st quarter. Bank of New York Mellon Corp now owns 175,446 shares of the utilities provider’s stock valued at $7,900,000 after buying an additional 9,510 shares during the period. Swiss National Bank boosted its stake in shares of UNITIL Corporation by 5.3% in the 1st quarter. Swiss National Bank now owns 22,000 shares of the utilities provider’s stock valued at $991,000 after buying an additional 1,100 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of UNITIL Corporation by 4.5% in the 1st quarter. Gabelli Funds LLC now owns 72,125 shares of the utilities provider’s stock valued at $3,248,000 after buying an additional 3,125 shares during the period. Institutional investors and hedge funds own 59.39% of the company’s stock.
UTL has been the subject of several recent research reports. BidaskClub cut UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut UNITIL Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price objective on shares of UNITIL Corporation in a research note on Tuesday, August 15th.
Shares of UNITIL Corporation (NYSE UTL) opened at 49.85 on Wednesday. The company’s 50-day moving average price is $50.21 and its 200 day moving average price is $47.78. The stock has a market cap of $703.63 million, a PE ratio of 23.95 and a beta of 0.22. UNITIL Corporation has a 1-year low of $37.31 and a 1-year high of $52.20.
UNITIL Corporation (NYSE:UTL) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. UNITIL Corporation had a return on equity of 9.88% and a net margin of 7.52%. The firm had revenue of $80.80 million during the quarter, compared to analyst estimates of $78.10 million. During the same quarter last year, the firm earned $0.18 EPS. Equities analysts forecast that UNITIL Corporation will post $2.00 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.44 dividend on an annualized basis and a yield of 2.89%. UNITIL Corporation’s dividend payout ratio (DPR) is presently 68.90%.
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UNITIL Corporation 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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