Neuberger Berman Group LLC purchased a new stake in UNITIL Corporation (NYSE:UTL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,124 shares of the utilities provider’s stock, valued at approximately $204,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. California Public Employees Retirement System lifted its holdings in shares of UNITIL by 84.8% in the third quarter. California Public Employees Retirement System now owns 16,263 shares of the utilities provider’s stock valued at $804,000 after purchasing an additional 7,463 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of UNITIL in the third quarter valued at about $204,000. Allianz Asset Management GmbH purchased a new stake in shares of UNITIL in the third quarter valued at about $343,000. Dimensional Fund Advisors LP lifted its stake in shares of UNITIL by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 539,193 shares of the utilities provider’s stock valued at $26,669,000 after buying an additional 11,662 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of UNITIL by 15.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 79,630 shares of the utilities provider’s stock valued at $3,939,000 after buying an additional 10,718 shares during the period. 58.18% of the stock is currently owned by institutional investors.
UNITIL Corporation (NYSE UTL) opened at $44.73 on Friday. 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 cap of $660.70, a P/E ratio of 22.37, a P/E/G ratio of 5.30 and a beta of 0.20. UNITIL Corporation has a one year low of $43.03 and a one year high of $52.84.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of UNITIL from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Janney Montgomery Scott raised shares of UNITIL to a “buy” rating and set a $50.00 price objective on the stock in a research note on Monday, January 1st. Royal Bank of Canada reissued a “hold” rating and set a $47.00 price objective on shares of UNITIL in a research note on Wednesday, October 18th. Finally, Bank of America assumed coverage on shares of UNITIL in a research note on Monday, December 18th. They set a “neutral” rating and a $49.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. UNITIL presently has a consensus rating of “Hold” and an average price target of $51.00.
WARNING: “4,124 Shares in UNITIL Corporation (UTL) Acquired by Neuberger Berman Group LLC” was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.com-unik.info/2018/01/06/4124-shares-in-unitil-corporation-utl-acquired-by-neuberger-berman-group-llc.html.
UNITIL 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.
Want to see what other hedge funds are holding UTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UNITIL Corporation (NYSE:UTL).
What are top analysts saying about UNITIL? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for UNITIL and related companies.