New York State Common Retirement Fund trimmed its holdings in Unitil Co. (NYSE:UTL) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,300 shares of the utilities provider’s stock after selling 3,400 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Unitil worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Unitil by 33.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,270 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 321 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Unitil during the 4th quarter valued at about $25,000. Martingale Asset Management L P grew its position in Unitil by 0.8% during the 3rd quarter. Martingale Asset Management L P now owns 72,608 shares of the utilities provider’s stock valued at $3,696,000 after purchasing an additional 600 shares during the last quarter. Advisors Asset Management Inc. grew its position in Unitil by 95.8% during the 4th quarter. Advisors Asset Management Inc. now owns 1,876 shares of the utilities provider’s stock valued at $95,000 after purchasing an additional 918 shares during the last quarter. Finally, First National Bank of Omaha grew its position in Unitil by 7.9% during the 4th quarter. First National Bank of Omaha now owns 13,270 shares of the utilities provider’s stock valued at $672,000 after purchasing an additional 971 shares during the last quarter. Institutional investors own 65.18% of the company’s stock.
Shares of UTL stock opened at $54.00 on Tuesday. Unitil Co. has a one year low of $44.86 and a one year high of $55.75. The stock has a market cap of $807.77 million, a P/E ratio of 24.29, a PEG ratio of 5.11 and a beta of 0.08. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 1.11.
Several analysts recently commented on the stock. Bank of America reissued an “underperform” rating and set a $51.00 price objective (up from $48.00) on shares of Unitil in a research report on Friday, February 1st. Zacks Investment Research downgraded shares of Unitil from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th.
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Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes 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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