Nuveen LLC Makes New $7.46 Million Investment in Unitil Corporation $UTL

Key Points

• Nuveen LLC has acquired 129,260 shares of Unitil Corporation, valued at approximately $7.46 million, representing about 0.80% of the company’s stock.
• Unitil recently reported quarterly earnings of $0.29 per share, surpassing the consensus estimate of $0.28, with revenues aligning at $101 million.
• The company declared a quarterly dividend of $0.45 per share, yielding 3.8%, payable on August 28th to shareholders of record on August 14th.

Nuveen LLC bought a new position in shares of Unitil Corporation (NYSE:UTL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 129,260 shares of the utilities provider's stock, valued at approximately $7,457,000. Nuveen LLC owned about 0.80% of Unitil as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Unitil by 27.8% during the first quarter. GAMMA Investing LLC now owns 887 shares of the utilities provider's stock worth $51,000 after purchasing an additional 193 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Unitil during the fourth quarter worth $166,000. Mackenzie Financial Corp acquired a new position in shares of Unitil during the first quarter worth $212,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Unitil during the first quarter worth $220,000. Finally, Lido Advisors LLC acquired a new position in shares of Unitil during the fourth quarter worth $221,000. Institutional investors own 76.76% of the company's stock.

Unitil Trading Up 0.3%

Shares of NYSE:UTL traded up $0.14 during mid-day trading on Friday, reaching $46.89. 134,946 shares of the company's stock were exchanged, compared to its average volume of 126,272. The firm has a market capitalization of $829.40 million, a price-to-earnings ratio of 16.11 and a beta of 0.66. The business's fifty day moving average price is $50.48 and its 200-day moving average price is $54.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.52 and a current ratio of 0.58. Unitil Corporation has a twelve month low of $46.31 and a twelve month high of $63.52.

Unitil (NYSE:UTL - Get Free Report) last released its earnings results 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. The business had revenue of $101.00 million for the quarter, compared to analyst estimates of $101.00 million. Unitil had a net margin of 9.54% and a return on equity of 9.46%. On average, research analysts predict that Unitil Corporation will post 3.08 EPS for the current fiscal year.

Unitil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 14th. Unitil's payout ratio is 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.