Vanguard Group Inc. raised its stake in shares of Unitil Corporation (NYSE:UTL – Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,538,652 shares of the utilities provider’s stock after buying an additional 67,456 shares during the quarter. Vanguard Group Inc. owned about 8.59% of Unitil worth $74,532,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of UTL. Jones Financial Companies Lllp grew its position in shares of Unitil by 100.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 568 shares of the utilities provider’s stock worth $27,000 after buying an additional 284 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Unitil during the 3rd quarter worth about $29,000. Quarry LP acquired a new position in shares of Unitil during the 3rd quarter worth about $32,000. Flagship Harbor Advisors LLC acquired a new position in shares of Unitil in the 4th quarter valued at approximately $48,000. Finally, Signaturefd LLC grew its position in shares of Unitil by 47.0% in the 4th quarter. Signaturefd LLC now owns 1,044 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 334 shares during the period. 76.76% of the stock is currently owned by institutional investors and hedge funds.
Unitil Trading Up 0.0%
Shares of Unitil stock opened at $50.95 on Friday. Unitil Corporation has a 12-month low of $44.61 and a 12-month high of $55.34. The stock has a market cap of $916.64 million, a P/E ratio of 16.12 and a beta of 0.33. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $52.48 and its 200-day moving average is $50.69.
Unitil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, May 14th. Unitil’s dividend payout ratio is 60.13%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Freedom Capital lowered Unitil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wells Fargo & Company assumed coverage on Unitil in a research report on Monday. They issued an “equal weight” rating and a $56.00 price objective for the company. Scotiabank assumed coverage on Unitil in a research report on Friday, April 10th. They issued a “sector perform” rating and a $57.00 price objective for the company. Zacks Research upgraded Unitil to a “hold” rating in a research report on Monday, April 13th. Finally, Wall Street Zen lowered Unitil from a “buy” rating to a “hold” rating in a research report on Monday, April 13th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.50.
Unitil Profile
Unitil Corporation (NYSE: UTL) is a publicly traded energy delivery company that provides regulated electric and natural gas distribution services. The company delivers energy to residential, commercial and industrial customers through a network of distribution systems, offering safe and reliable service across its service areas. Unitil’s operations include system maintenance, emergency response, meter reading and customer support functions, all governed by state regulatory commissions.
Headquartered in Hampton, New Hampshire, Unitil serves communities in New Hampshire, Massachusetts and Maine.
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