Shares of Unitil Corporation (NYSE:UTL – Get Free Report) have been given an average recommendation of “Reduce” by the five analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $57.00.
Several research firms have commented on UTL. Freedom Capital lowered Unitil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Zacks Research upgraded Unitil to a “hold” rating in a research note on Monday, April 13th. Scotiabank began coverage on Unitil in a research note on Friday, April 10th. They set a “sector perform” rating and a $57.00 price objective for the company. Wells Fargo & Company began coverage on Unitil in a research note on Monday. They set an “underweight” rating for the company. Finally, Wall Street Zen lowered Unitil from a “buy” rating to a “hold” rating in a research note on Monday, April 13th.
Institutional Inflows and Outflows
Unitil Stock Performance
Shares of NYSE UTL traded up $0.06 during trading on Monday, reaching $50.81. 101,438 shares of the company traded hands, compared to its average volume of 119,567. The firm’s fifty day simple moving average is $52.59 and its 200 day simple moving average is $50.65. The stock has a market cap of $914.07 million, a P/E ratio of 16.08 and a beta of 0.33. Unitil has a 12-month low of $44.61 and a 12-month high of $57.18. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.
Unitil (NYSE:UTL – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.88 earnings per share for the quarter, beating 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 analyst estimates of $179.13 million. As a group, research analysts anticipate that Unitil will post 3.31 earnings per share for the current fiscal year.
Unitil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Thursday, May 14th. Unitil’s payout ratio 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.
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