Sei Investments Co. increased its stake in UNITIL Corporation (NYSE:UTL) by 113.3% during the first quarter, Holdings Channel reports. The institutional investor owned 21,281 shares of the utilities provider’s stock after buying an additional 11,304 shares during the period. Sei Investments Co.’s holdings in UNITIL Corporation were worth $958,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. James Investment Research Inc. bought a new stake in UNITIL Corporation during the first quarter valued at approximately $4,598,000. Bank of Montreal Can boosted its stake in UNITIL Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 6,770 shares of the utilities provider’s stock valued at $305,000 after buying an additional 124 shares in the last quarter. Teachers Advisors LLC boosted its stake in UNITIL Corporation by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 28,378 shares of the utilities provider’s stock valued at $1,287,000 after buying an additional 1,858 shares in the last quarter. Numeric Investors LLC boosted its stake in UNITIL Corporation by 30.6% in the fourth quarter. Numeric Investors LLC now owns 48,211 shares of the utilities provider’s stock valued at $2,186,000 after buying an additional 11,309 shares in the last quarter. Finally, Summit Global Investments bought a new stake in UNITIL Corporation during the fourth quarter valued at approximately $403,000. 60.09% of the stock is owned by hedge funds and other institutional investors.
UNITIL Corporation (NYSE:UTL) opened at 50.34 on Friday. UNITIL Corporation has a 52 week low of $37.31 and a 52 week high of $50.47. The company has a market capitalization of $710.20 million, a price-to-earnings ratio of 24.66 and a beta of 0.19. The company has a 50 day moving average of $47.82 and a 200 day moving average of $45.73.
UNITIL Corporation (NYSE:UTL) last released its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. UNITIL Corporation had a net margin of 7.49% and a return on equity of 9.78%. The company had revenue of $126 million during the quarter, compared to analyst estimates of $131.90 million. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, equities analysts forecast that UNITIL Corporation will post $2.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Tuesday, May 16th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, May 12th. UNITIL Corporation’s dividend payout ratio (DPR) is presently 70.59%.
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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of UNITIL Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Tuesday, May 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $44.00 price target on shares of UNITIL Corporation in a research note on Friday, March 17th.
UNITIL Corporation Company Profile
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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