Shares of UNITIL Corporation (NYSE:UTL) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus price objective of $44.00 for the company and are forecasting that the company will post $0.86 EPS for the current quarter, according to Zacks. Zacks has also assigned UNITIL Corporation an industry rank of 150 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded UNITIL Corporation from a “hold” rating to a “strong-buy” rating and set a $46.00 price target for the company in a research note on Wednesday, October 26th.
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A number of institutional investors have recently modified their holdings of UTL. Frontier Capital Management Co. LLC increased its position in shares of UNITIL Corporation by 7.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 906,244 shares of the company’s stock worth $41,089,000 after buying an additional 64,461 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of UNITIL Corporation by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 482,151 shares of the company’s stock worth $21,861,000 after buying an additional 21,434 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of UNITIL Corporation by 7.8% in the fourth quarter. Renaissance Technologies LLC now owns 448,600 shares of the company’s stock worth $20,340,000 after buying an additional 32,600 shares in the last quarter. Pax World Management LLC increased its position in shares of UNITIL Corporation by 6.0% in the second quarter. Pax World Management LLC now owns 365,000 shares of the company’s stock worth $15,575,000 after buying an additional 20,649 shares in the last quarter. Finally, State Street Corp increased its position in shares of UNITIL Corporation by 19.2% in the fourth quarter. State Street Corp now owns 341,466 shares of the company’s stock worth $15,485,000 after buying an additional 54,955 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.
Shares of UNITIL Corporation (NYSE:UTL) traded down 1.32% during mid-day trading on Tuesday, reaching $44.24. 5,602 shares of the company’s stock were exchanged. UNITIL Corporation has a 52-week low of $35.37 and a 52-week high of $46.98. The company’s 50-day moving average price is $45.53 and its 200 day moving average price is $42.06. The company has a market cap of $622.28 million, a PE ratio of 22.85 and a beta of 0.17.
UNITIL Corporation (NYSE:UTL) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. UNITIL Corporation had a return on equity of 9.36% and a net margin of 7.10%. During the same period in the previous year, the firm earned $0.67 earnings per share. On average, equities research analysts predict that UNITIL Corporation will post $2.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 14th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, February 10th. This represents a $1.44 dividend on an annualized basis and a yield of 3.21%. This is an increase from UNITIL Corporation’s previous quarterly dividend of $0.36. UNITIL Corporation’s dividend payout ratio is currently 74.23%.
About UNITIL Corporation
Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the local distribution of electricity and natural gas to customers throughout its service territories in the states of New Hampshire, Massachusetts and Maine. It operates through three segments: utility gas operations, utility electric operations and non-regulated.
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