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Moloney Securities Asset Management LLC Takes Position in Unitil Corporation (NYSE:UTL)

Unitil logo with Utilities background

Moloney Securities Asset Management LLC purchased a new stake in Unitil Corporation (NYSE:UTL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,861 shares of the utilities provider's stock, valued at approximately $396,000.

Several other large investors have also recently added to or reduced their stakes in UTL. GAMMA Investing LLC boosted its holdings in shares of Unitil by 27.8% in the 1st quarter. GAMMA Investing LLC now owns 887 shares of the utilities provider's stock worth $51,000 after acquiring an additional 193 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Unitil by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,087 shares of the utilities provider's stock worth $492,000 after purchasing an additional 317 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Unitil by 3.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,113 shares of the utilities provider's stock worth $641,000 after purchasing an additional 368 shares during the last quarter. Barclays PLC raised its position in Unitil by 1.2% in the 4th quarter. Barclays PLC now owns 33,240 shares of the utilities provider's stock worth $1,802,000 after purchasing an additional 406 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in Unitil by 798.2% in the 4th quarter. Sterling Capital Management LLC now owns 512 shares of the utilities provider's stock worth $28,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 76.76% of the company's stock.

Unitil Trading Up 1.1%

UTL stock traded up $0.55 during trading on Monday, hitting $51.83. The company had a trading volume of 64,313 shares, compared to its average volume of 63,128. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $53.57 and a 200-day moving average price of $54.97. Unitil Corporation has a 12 month low of $51.10 and a 12 month high of $63.52. The stock has a market cap of $842.76 million, a price-to-earnings ratio of 17.69 and a beta of 0.63.

Unitil (NYSE:UTL - Get Free Report) last issued 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 business had revenue of $207.00 million for the quarter, compared to the consensus estimate of $193.03 million. Unitil had a net margin of 9.74% and a return on equity of 9.49%. As a group, analysts predict that Unitil Corporation will post 3.08 earnings per share for the current year.

Unitil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Unitil's dividend payout ratio (DPR) is 61.43%.

About Unitil

(Free Report)

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.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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