UBS Group AG reduced its holdings in Unitil Corporation (NYSE:UTL – Free Report) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,688 shares of the utilities provider’s stock after selling 10,648 shares during the period. UBS Group AG’s holdings in Unitil were worth $3,133,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. State of Alaska Department of Revenue grew its holdings in Unitil by 2.4% in the fourth quarter. State of Alaska Department of Revenue now owns 9,624 shares of the utilities provider’s stock valued at $465,000 after purchasing an additional 223 shares during the period. Jones Financial Companies Lllp grew its holdings in Unitil by 100.0% in the third quarter. Jones Financial Companies Lllp now owns 568 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 284 shares during the period. Signaturefd LLC grew its holdings in Unitil by 47.0% in the fourth 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. BNP Paribas Financial Markets grew its holdings in Unitil by 7.1% in the second quarter. BNP Paribas Financial Markets now owns 5,220 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 344 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Unitil by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,478 shares of the utilities provider’s stock valued at $547,000 after purchasing an additional 391 shares during the period. 76.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have commented on UTL shares. Wall Street Zen lowered Unitil from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Scotiabank started coverage on Unitil in a report on Friday, April 10th. They issued a “sector perform” rating and a $57.00 price objective on the stock. Freedom Capital lowered Unitil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Zacks Research raised Unitil to a “hold” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company started coverage on Unitil in a report on Monday, May 11th. They issued an “equal weight” rating and a $56.00 price objective on the stock. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.50.
Unitil Stock Down 0.0%
Shares of UTL opened at $51.81 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.57. Unitil Corporation has a one year low of $44.61 and a one year high of $55.12. The stock has a market capitalization of $932.01 million, a price-to-earnings ratio of 16.39 and a beta of 0.33. The stock has a 50 day moving average price of $52.25 and a 200 day moving average price of $50.79.
Unitil (NYSE:UTL – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Unitil had a return on equity of 9.89% and a net margin of 9.60%.The firm had revenue of $216.90 million during the quarter, compared to analysts’ expectations of $179.13 million. Equities research analysts forecast that Unitil Corporation will post 3.31 earnings per share for the current fiscal year.
Unitil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.90 dividend on an annualized basis and a yield of 3.7%. Unitil’s payout ratio is 60.13%.
Unitil Company 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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