Bessemer Group Inc. raised its position in shares of UNITIL Corporation (NYSE:UTL) by 0.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 35,340 shares of the utilities provider’s stock after buying an additional 228 shares during the period. Bessemer Group Inc. owned 0.25% of UNITIL Corporation worth $1,706,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. James Investment Research Inc. acquired a new stake in UNITIL Corporation during the first quarter worth approximately $4,598,000. Nuveen Asset Management LLC boosted its stake in shares of UNITIL Corporation by 54.7% in the first quarter. Nuveen Asset Management LLC now owns 133,584 shares of the utilities provider’s stock valued at $6,015,000 after buying an additional 47,249 shares during the period. Renaissance Technologies LLC boosted its stake in shares of UNITIL Corporation by 9.9% in the first quarter. Renaissance Technologies LLC now owns 493,000 shares of the utilities provider’s stock valued at $22,200,000 after buying an additional 44,400 shares during the period. Monarch Partners Asset Management LLC boosted its stake in shares of UNITIL Corporation by 28.8% in the first quarter. Monarch Partners Asset Management LLC now owns 161,428 shares of the utilities provider’s stock valued at $7,269,000 after buying an additional 36,115 shares during the period. Finally, Spark Investment Management LLC purchased a new stake in shares of UNITIL Corporation during the second quarter valued at about $1,454,000. 58.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of UNITIL Corporation (NYSE UTL) opened at 49.07 on Friday. The company has a market capitalization of $692.62 million, a PE ratio of 23.58 and a beta of 0.21. The stock has a 50 day moving average price of $49.67 and a 200 day moving average price of $47.07. UNITIL Corporation has a one year low of $37.31 and a one year high of $52.20.
UNITIL Corporation (NYSE:UTL) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $80.80 million for the quarter, compared to analyst estimates of $78.10 million. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. During the same period last year, the company posted $0.18 EPS. On average, equities research analysts predict that UNITIL Corporation will post $2.00 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, August 11th. UNITIL Corporation’s dividend payout ratio is presently 68.90%.
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Several brokerages have recently issued reports on UTL. Zacks Investment Research cut UNITIL Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub cut UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.
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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