State Street Corp lifted its holdings in shares of Unitil Co. (NYSE:UTL) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 354,753 shares of the utilities provider’s stock after purchasing an additional 11,941 shares during the period. State Street Corp owned 2.51% of Unitil worth $17,134,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Unitil by 0.9% in the second quarter. Vanguard Group Inc. now owns 784,082 shares of the utilities provider’s stock valued at $37,880,000 after buying an additional 7,281 shares during the period. Renaissance Technologies LLC lifted its holdings in Unitil by 7.6% in the second quarter. Renaissance Technologies LLC now owns 530,500 shares of the utilities provider’s stock valued at $25,628,000 after buying an additional 37,500 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Unitil by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 527,531 shares of the utilities provider’s stock valued at $25,485,000 after buying an additional 16,671 shares during the period. Northern Trust Corp lifted its holdings in Unitil by 5.4% in the second quarter. Northern Trust Corp now owns 182,584 shares of the utilities provider’s stock valued at $8,820,000 after buying an additional 9,419 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Unitil by 4.2% in the first quarter. Geode Capital Management LLC now owns 148,807 shares of the utilities provider’s stock valued at $6,700,000 after buying an additional 6,002 shares during the period. Institutional investors own 59.79% of the company’s stock.
Unitil Co. (UTL) opened at $49.96 on Tuesday. Unitil Co. has a fifty-two week low of $42.36 and a fifty-two week high of $52.84. The firm has a market cap of $700.68, a PE ratio of 24.81 and a beta of 0.21. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 1.04.
Unitil (NYSE:UTL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Unitil had a net margin of 2.74% and a return on equity of 3.08%. The firm had revenue of $475.20 million for the quarter, compared to analyst estimates of $82.80 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. sell-side analysts forecast that Unitil Co. will post 2.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.88%. Unitil’s dividend payout ratio is currently 72.00%.
UTL has been the topic of several recent analyst reports. BidaskClub lowered shares of Unitil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Unitil from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $47.00 target price on shares of Unitil in a report on Wednesday, October 18th.
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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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