Unitil (NYSE:UTL) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Unitil (NYSE:UTLGet Rating) posted its quarterly earnings data on Tuesday. The utilities provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.02, MarketWatch Earnings reports. Unitil had a net margin of 7.34% and a return on equity of 9.01%. During the same quarter last year, the business posted $1.26 earnings per share.

Shares of UTL traded up $0.30 during midday trading on Friday, hitting $51.77. The stock had a trading volume of 706 shares, compared to its average volume of 69,409. Unitil has a fifty-two week low of $40.53 and a fifty-two week high of $57.99. The business has a 50-day simple moving average of $51.24 and a two-hundred day simple moving average of $47.33. The firm has a market cap of $829.36 million, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 3.22 and a beta of 0.49. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.11.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, May 12th. Unitil’s payout ratio is 63.41%.

Several institutional investors and hedge funds have recently made changes to their positions in UTL. Parametric Portfolio Associates LLC lifted its position in shares of Unitil by 0.4% in the fourth quarter. Parametric Portfolio Associates LLC now owns 65,241 shares of the utilities provider’s stock worth $3,000,000 after purchasing an additional 255 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Unitil by 5.6% in the fourth quarter. California State Teachers Retirement System now owns 21,819 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,148 shares in the last quarter. Credit Suisse AG lifted its position in shares of Unitil by 10.7% in the fourth quarter. Credit Suisse AG now owns 12,837 shares of the utilities provider’s stock worth $590,000 after purchasing an additional 1,243 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Unitil by 5.9% in the fourth quarter. Legal & General Group Plc now owns 38,996 shares of the utilities provider’s stock worth $1,793,000 after purchasing an additional 2,173 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Unitil by 11.7% in the fourth quarter. Barclays PLC now owns 24,387 shares of the utilities provider’s stock worth $1,122,000 after purchasing an additional 2,550 shares in the last quarter. Institutional investors own 72.66% of the company’s stock.

UTL has been the subject of several research reports. Zacks Investment Research upgraded shares of Unitil from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, April 20th. StockNews.com lowered shares of Unitil from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Bank of America upgraded shares of Unitil from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $45.00 to $50.00 in a report on Thursday, February 3rd. They noted that the move was a valuation call.

Unitil Company Profile (Get Rating)

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Electric Operations, Utility Gas 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 and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as the greater Fitchburg area of north central Massachusetts.

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Earnings History for Unitil (NYSE:UTL)

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