Unitil Corporation $UTL Holdings Decreased by US Bancorp DE

US Bancorp DE trimmed its position in Unitil Corporation (NYSE:UTL) by 56.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 891 shares of the utilities provider’s stock after selling 1,133 shares during the quarter. US Bancorp DE’s holdings in Unitil were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in UTL. GAMMA Investing LLC raised its holdings in shares of Unitil by 7,273.3% during the first quarter. GAMMA Investing LLC now owns 51,171 shares of the utilities provider’s stock valued at $2,952,000 after buying an additional 50,477 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Unitil by 9.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 560,944 shares of the utilities provider’s stock worth $30,398,000 after buying an additional 49,130 shares in the last quarter. Millennium Management LLC boosted its holdings in Unitil by 1,011.0% during the fourth quarter. Millennium Management LLC now owns 52,661 shares of the utilities provider’s stock worth $2,854,000 after buying an additional 47,921 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Unitil in the 4th quarter worth approximately $2,082,000. Finally, Annex Advisory Services LLC boosted its stake in Unitil by 119.2% in the 1st quarter. Annex Advisory Services LLC now owns 47,111 shares of the utilities provider’s stock worth $2,718,000 after purchasing an additional 25,623 shares during the period. 76.76% of the stock is currently owned by institutional investors.

Unitil Trading Up 1.4%

Shares of NYSE:UTL opened at $47.5850 on Wednesday. The firm has a fifty day moving average of $51.32 and a two-hundred day moving average of $54.44. The firm has a market capitalization of $775.16 million, a P/E ratio of 16.35 and a beta of 0.66. Unitil Corporation has a 12-month low of $46.67 and a 12-month high of $63.52. The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.19.

Unitil (NYSE:UTL) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Unitil had a net margin of 9.54% and a return on equity of 9.46%. The business had revenue of $101.00 million during the quarter, compared to analyst estimates of $101.00 million. On average, equities analysts expect that Unitil Corporation will post 3.08 EPS for the current fiscal year.

Unitil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.8%. Unitil’s payout ratio is presently 61.86%.

Unitil Company Profile

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.