Zacks Investment Research lowered shares of UNITIL (NYSE:UTL) from a buy rating to a hold rating in a research report report published on Wednesday, December 6th.
According to Zacks, “Unitil Corporation is a registered public utility holding company and the parent company of the Unitil System. “
A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada reiterated a hold rating and set a $47.00 price target on shares of UNITIL in a research report on Tuesday, August 15th. BidaskClub upgraded UNITIL from a hold rating to a buy rating in a research report on Thursday, August 10th.
UNITIL (UTL) traded up $0.45 during trading on Wednesday, reaching $48.00. The company’s stock had a trading volume of 205,991 shares, compared to its average volume of 63,369. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.53 and a current ratio of 0.56. The stock has a market capitalization of $684.21, a PE ratio of 23.77 and a beta of 0.20. UNITIL has a 52 week low of $43.03 and a 52 week high of $52.84.
UNITIL (NYSE:UTL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $475.20 million for the quarter, compared to analyst estimates of $82.80 million. UNITIL had a return on equity of 9.39% and a net margin of 7.09%. The company’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. equities research analysts predict that UNITIL will post 2.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.44 dividend on an annualized basis and a yield of 3.00%. UNITIL’s payout ratio is 72.00%.
A number of institutional investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC lifted its position in UNITIL by 1.8% during the third quarter. Frontier Capital Management Co. LLC now owns 951,407 shares of the utilities provider’s stock worth $47,057,000 after buying an additional 16,392 shares in the last quarter. Vanguard Group Inc. lifted its position in UNITIL by 0.9% during the second quarter. Vanguard Group Inc. now owns 784,082 shares of the utilities provider’s stock worth $37,880,000 after buying an additional 7,281 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in UNITIL by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 539,193 shares of the utilities provider’s stock worth $26,669,000 after acquiring an additional 11,662 shares during the last quarter. Renaissance Technologies LLC increased its stake in UNITIL by 7.6% during the second quarter. Renaissance Technologies LLC now owns 530,500 shares of the utilities provider’s stock worth $25,628,000 after acquiring an additional 37,500 shares during the last quarter. Finally, Pax World Management LLC increased its stake in UNITIL by 3.4% during the third quarter. Pax World Management LLC now owns 396,177 shares of the utilities provider’s stock worth $19,595,000 after acquiring an additional 13,154 shares during the last quarter. Hedge funds and other institutional investors own 60.66% of the company’s stock.
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Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.
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