Annex Advisory Services LLC Has $2.72 Million Position in Unitil Co. (NYSE:UTL)

Annex Advisory Services LLC grew its holdings in shares of Unitil Co. (NYSE:UTL - Free Report) by 119.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,111 shares of the utilities provider's stock after purchasing an additional 25,623 shares during the quarter. Annex Advisory Services LLC owned about 0.29% of Unitil worth $2,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Unitil by 7,273.3% during the 1st quarter. GAMMA Investing LLC now owns 51,171 shares of the utilities provider's stock valued at $2,952,000 after purchasing an additional 50,477 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Unitil by 18.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,721 shares of the utilities provider's stock valued at $3,074,000 after purchasing an additional 8,640 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Unitil by 21.8% during the 4th quarter. Two Sigma Investments LP now owns 13,547 shares of the utilities provider's stock valued at $734,000 after purchasing an additional 2,426 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Unitil by 1,011.0% during the 4th quarter. Millennium Management LLC now owns 52,661 shares of the utilities provider's stock valued at $2,854,000 after purchasing an additional 47,921 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Unitil by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,087 shares of the utilities provider's stock valued at $492,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 76.76% of the company's stock.

Unitil Stock Performance

UTL traded up $0.31 during trading on Thursday, hitting $53.22. The stock had a trading volume of 66,817 shares, compared to its average volume of 63,409. The firm has a market cap of $864.88 million, a PE ratio of 18.16 and a beta of 0.67. Unitil Co. has a 12 month low of $48.94 and a 12 month high of $63.52. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.25. The company has a 50 day simple moving average of $56.41 and a 200-day simple moving average of $55.94.

Unitil (NYSE:UTL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $1.74 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.04). The firm had revenue of $207.00 million during the quarter, compared to the consensus estimate of $193.03 million. Unitil had a return on equity of 9.36% and a net margin of 9.52%. Analysts expect that Unitil Co. will post 3.08 EPS for the current year.

Unitil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a $0.45 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.80 annualized dividend and a yield of 3.38%. Unitil's dividend payout ratio is 61.43%.

Wall Street Analyst Weigh In

Separately, Guggenheim reiterated a "neutral" rating and issued a $55.00 target price on shares of Unitil in a report on Wednesday, February 12th.

Unitil 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.