Unitil Corporation (NYSE:UTL) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its holdings in Unitil Corporation (NYSE:UTL - Free Report) by 34.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,951 shares of the utilities provider's stock after selling 5,750 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.07% of Unitil worth $632,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Johnson Investment Counsel Inc. boosted its holdings in Unitil by 17.9% during the first quarter. Johnson Investment Counsel Inc. now owns 66,640 shares of the utilities provider's stock worth $3,844,000 after buying an additional 10,100 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Unitil by 12.9% during the first quarter. Exchange Traded Concepts LLC now owns 14,503 shares of the utilities provider's stock worth $837,000 after buying an additional 1,660 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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 buying an additional 193 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in Unitil by 119.2% during the first quarter. Annex Advisory Services LLC now owns 47,111 shares of the utilities provider's stock worth $2,718,000 after buying an additional 25,623 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Unitil by 18.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,721 shares of the utilities provider's stock worth $3,074,000 after buying an additional 8,640 shares in the last quarter. 76.76% of the stock is owned by hedge funds and other institutional investors.

Unitil Stock Performance

NYSE UTL traded down $0.65 during mid-day trading on Friday, reaching $51.19. 47,019 shares of the stock were exchanged, compared to its average volume of 63,113. The business's 50 day moving average is $53.57 and its 200-day moving average is $54.96. Unitil Corporation has a 1 year low of $51.10 and a 1 year high of $63.52. The company has a market capitalization of $832.35 million, a P/E ratio of 17.47 and a beta of 0.63. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.61 and a current ratio of 0.66.

Unitil (NYSE:UTL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.04). The firm had revenue of $207.00 million for the quarter, compared to analysts' expectations of $193.03 million. Unitil had a return on equity of 9.49% and a net margin of 9.74%. On average, equities research analysts forecast that Unitil Corporation will post 3.08 EPS for the current fiscal year.

Unitil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Thursday, May 15th. Unitil's dividend payout ratio 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.