5,300 Shares in Unitil Corporation (NYSE:UTL) Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH bought a new stake in shares of Unitil Corporation (NYSE:UTL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,300 shares of the utilities provider's stock, valued at approximately $306,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in Unitil by 7,273.3% in the 1st quarter. GAMMA Investing LLC now owns 51,171 shares of the utilities provider's stock valued at $2,952,000 after acquiring an additional 50,477 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Unitil by 9.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 560,944 shares of the utilities provider's stock valued at $30,398,000 after acquiring an additional 49,130 shares in the last quarter. Millennium Management LLC raised its holdings in Unitil by 1,011.0% in the 4th quarter. Millennium Management LLC now owns 52,661 shares of the utilities provider's stock valued at $2,854,000 after acquiring an additional 47,921 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Unitil in the 4th quarter valued at approximately $2,082,000. Finally, Annex Advisory Services LLC raised its holdings in Unitil by 119.2% in the 1st quarter. Annex Advisory Services LLC now owns 47,111 shares of the utilities provider's stock valued at $2,718,000 after acquiring an additional 25,623 shares in the last quarter. Institutional investors own 76.76% of the company's stock.

Unitil Price Performance

Shares of UTL traded down $3.08 during mid-day trading on Tuesday, reaching $49.05. The company had a trading volume of 109,275 shares, compared to its average volume of 66,689. Unitil Corporation has a twelve month low of $48.92 and a twelve month high of $63.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.66 and a quick ratio of 0.61. The company's 50-day moving average is $52.37 and its 200-day moving average is $54.77. The company has a market capitalization of $797.49 million, a P/E ratio of 16.85 and a beta of 0.66.

Unitil (NYSE:UTL - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.29 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 9.53% and a net margin of 9.54%. On average, equities analysts anticipate that Unitil Corporation will post 3.08 EPS for the current year.

Unitil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, August 14th. Unitil's dividend payout ratio (DPR) is presently 61.43%.

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.