Unitil Co. (NYSE:UTL) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in shares of Unitil Co. (NYSE:UTLFree Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,088 shares of the utilities provider’s stock after acquiring an additional 581 shares during the quarter. Commonwealth Equity Services LLC owned about 0.07% of Unitil worth $633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Unitil by 12.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 404,481 shares of the utilities provider’s stock valued at $17,275,000 after purchasing an additional 45,213 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Unitil by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 27,129 shares of the utilities provider’s stock valued at $1,426,000 after acquiring an additional 215 shares during the period. SG Americas Securities LLC purchased a new stake in Unitil in the 4th quarter valued at $131,000. Raymond James & Associates boosted its stake in Unitil by 15.7% during the 4th quarter. Raymond James & Associates now owns 29,037 shares of the utilities provider’s stock worth $1,526,000 after purchasing an additional 3,933 shares during the period. Finally, Arizona State Retirement System purchased a new position in Unitil during the 4th quarter worth $237,000. 76.76% of the stock is owned by hedge funds and other institutional investors.

Unitil Price Performance

Shares of NYSE:UTL opened at $52.46 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.63 and a current ratio of 0.68. Unitil Co. has a one year low of $41.43 and a one year high of $54.93. The company has a 50-day simple moving average of $51.95 and a 200-day simple moving average of $51.00. The stock has a market capitalization of $848.28 million, a price-to-earnings ratio of 17.49 and a beta of 0.60.

Unitil (NYSE:UTLGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.11. Unitil had a net margin of 9.37% and a return on equity of 9.84%. The business had revenue of $178.70 million for the quarter, compared to analyst estimates of $209.00 million. On average, analysts predict that Unitil Co. will post 2.92 EPS for the current year.

Unitil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 16th were paid a dividend of $0.425 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.24%. Unitil’s dividend payout ratio (DPR) is 56.67%.

Unitil Company Profile

(Free Report)

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. 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 electricity and natural gas in the greater Fitchburg area of north central Massachusetts.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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