CANADA LIFE ASSURANCE Co Sells 302 Shares of Unitil Co. (NYSE:UTL)

CANADA LIFE ASSURANCE Co lessened its holdings in shares of Unitil Co. (NYSE:UTL) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,468 shares of the utilities provider’s stock after selling 302 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.16% of Unitil worth $1,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in Unitil by 798.2% during the 4th quarter. Sterling Capital Management LLC now owns 512 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 455 shares during the last quarter. US Bancorp DE boosted its holdings in Unitil by 8,333.3% during the 4th quarter. US Bancorp DE now owns 2,024 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 2,000 shares during the last quarter. Mariner LLC boosted its holdings in Unitil by 20.4% during the 4th quarter. Mariner LLC now owns 5,163 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 875 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Unitil by 32.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,374 shares of the utilities provider’s stock worth $291,000 after acquiring an additional 1,304 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Unitil by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 709 shares during the last quarter. Institutional investors own 76.76% of the company’s stock.

Unitil Price Performance

Shares of NYSE:UTL opened at $58.86 on Tuesday. The company’s 50-day moving average is $56.73 and its 200 day moving average is $56.54. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.76 and a current ratio of 0.83. The company has a market capitalization of $956.24 million, a P/E ratio of 20.09 and a beta of 0.58. Unitil Co. has a fifty-two week low of $48.94 and a fifty-two week high of $63.52.

Unitil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a $0.45 dividend. This is an increase from Unitil’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 13th. Unitil’s payout ratio is 61.43%.

Analysts Set New Price Targets

Separately, Guggenheim reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Unitil in a report on Wednesday, February 12th.

Unitil Company Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. 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 and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as electricity and natural gas in the greater Fitchburg area of north central Massachusetts.