Boston Trust Walden Corp lowered its stake in Unitil Corporation (NYSE:UTL – Free Report) by 11.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 340,191 shares of the utilities provider’s stock after selling 45,041 shares during the period. Boston Trust Walden Corp’s holdings in Unitil were worth $17,772,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Unitil by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,471,196 shares of the utilities provider’s stock worth $70,411,000 after purchasing an additional 68,820 shares during the last quarter. Aventail Capital Group LP acquired a new position in Unitil during the third quarter valued at approximately $3,031,000. Tudor Investment Corp ET AL raised its position in shares of Unitil by 85.8% in the third quarter. Tudor Investment Corp ET AL now owns 89,862 shares of the utilities provider’s stock valued at $4,301,000 after purchasing an additional 41,490 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of Unitil in the third quarter valued at approximately $8,338,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Unitil by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 608,084 shares of the utilities provider’s stock worth $29,103,000 after buying an additional 14,894 shares during the last quarter. Institutional investors own 76.76% of the company’s stock.
Analysts Set New Price Targets
UTL has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on shares of Unitil in a report on Monday, May 11th. They set an “equal weight” rating and a $56.00 price objective for the company. Freedom Capital downgraded shares of Unitil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Zacks Research raised shares of Unitil to a “hold” rating in a research report on Monday, April 13th. Scotiabank assumed coverage on shares of Unitil in a report on Friday, April 10th. They set a “sector perform” rating and a $57.00 price target for the company. Finally, Wall Street Zen downgraded Unitil from a “buy” rating to a “hold” rating in a research report on Monday, April 13th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Unitil currently has a consensus rating of “Hold” and a consensus price target of $56.50.
Unitil Stock Down 0.0%
Shares of UTL opened at $53.48 on Friday. The company has a 50-day simple moving average of $51.45 and a 200-day simple moving average of $51.35. The firm has a market capitalization of $962.09 million, a P/E ratio of 16.92 and a beta of 0.31. 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 52 week low of $44.61 and a 52 week high of $55.08.
Unitil (NYSE:UTL – Get Free Report) last released its earnings results on Monday, May 4th. The utilities provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Unitil had a return on equity of 9.89% and a net margin of 9.60%.The business had revenue of $216.90 million for the quarter, compared to the consensus estimate of $179.13 million. On average, equities research analysts expect that Unitil Corporation will post 3.31 earnings per share for the current year.
Unitil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a $0.475 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.6%. Unitil’s dividend payout ratio (DPR) is currently 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.
See Also
- Five stocks we like better than Unitil
- AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
- Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
- Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
- Why Kroger’s Giant Eagle Deal Could Change Everything
Want to see what other hedge funds are holding UTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unitil Corporation (NYSE:UTL – Free Report).
Receive News & Ratings for Unitil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unitil and related companies with MarketBeat.com's FREE daily email newsletter.
