Unitil Co. (UTL) Given Average Recommendation of “Hold” by Analysts

Shares of Unitil Co. (NYSE:UTL) have earned a consensus broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a twelve-month consensus target price of $51.50 for the company and are predicting that the company will post $0.75 EPS for the current quarter, according to Zacks. Zacks has also given Unitil an industry rank of 106 out of 256 based on the ratings given to related companies.

UTL has been the subject of several analyst reports. Zacks Investment Research lowered Unitil from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. ValuEngine upgraded Unitil from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st.

Institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new position in Unitil in the second quarter worth approximately $164,000. US Bancorp DE boosted its position in shares of Unitil by 103.8% during the second quarter. US Bancorp DE now owns 4,433 shares of the utilities provider’s stock worth $226,000 after buying an additional 2,258 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Unitil during the third quarter worth $226,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Unitil during the third quarter worth $270,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Unitil by 6.5% during the second quarter. Advisors Asset Management Inc. now owns 17,333 shares of the utilities provider’s stock worth $324,000 after buying an additional 1,053 shares during the period. Institutional investors own 65.16% of the company’s stock.

Unitil stock traded up $0.16 during mid-day trading on Friday, hitting $48.81. The company’s stock had a trading volume of 38,179 shares, compared to its average volume of 44,860. The firm has a market capitalization of $753.17 million, a price-to-earnings ratio of 23.69, a PEG ratio of 6.06 and a beta of 0.08. Unitil has a 1 year low of $40.92 and a 1 year high of $53.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.67.

Unitil (NYSE:UTL) last issued its quarterly earnings data on Thursday, October 25th. The utilities provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12. The company had revenue of $88.20 million during the quarter, compared to analyst estimates of $86.90 million. Unitil had a return on equity of 9.65% and a net margin of 7.65%. Analysts forecast that Unitil will post 2.21 EPS for the current year.

About Unitil

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes 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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