Moloney Securities Asset Management LLC acquired a new stake in shares of Unitil Corporation (NYSE:UTL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,861 shares of the utilities provider's stock, valued at approximately $396,000.
A number of other hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in shares of Unitil by 9.6% during the fourth 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 during the period. Geode Capital Management LLC increased its stake in shares of Unitil by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 382,883 shares of the utilities provider's stock valued at $20,754,000 after acquiring an additional 1,225 shares during the period. Bank of New York Mellon Corp grew its position in Unitil by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 203,475 shares of the utilities provider's stock worth $11,026,000 after buying an additional 2,130 shares during the last quarter. Northern Trust Corp grew its position in Unitil by 11.8% in the fourth quarter. Northern Trust Corp now owns 186,079 shares of the utilities provider's stock worth $10,084,000 after buying an additional 19,631 shares during the last quarter. Finally, Invesco Ltd. grew its position in Unitil by 5.7% in the fourth quarter. Invesco Ltd. now owns 117,280 shares of the utilities provider's stock worth $6,355,000 after buying an additional 6,335 shares during the last quarter. Institutional investors and hedge funds own 76.76% of the company's stock.
Unitil Trading Down 0.3%
Unitil stock opened at $51.84 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.61 and a current ratio of 0.66. The firm has a market cap of $842.92 million, a price-to-earnings ratio of 17.69 and a beta of 0.63. Unitil Corporation has a 1 year low of $51.10 and a 1 year high of $63.52. The firm's 50 day moving average price is $53.72 and its two-hundred day moving average price is $54.98.
Unitil (NYSE:UTL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.04). The business had revenue of $207.00 million during the quarter, compared to analyst estimates of $193.03 million. Unitil had a return on equity of 9.49% and a net margin of 9.74%. On average, research analysts predict that Unitil Corporation will post 3.08 EPS for the current fiscal year.
Unitil Announces Dividend
The firm 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 of this dividend was Thursday, May 15th. This represents a $1.80 annualized dividend and a yield of 3.47%. Unitil's dividend payout ratio (DPR) is 61.43%.
Unitil Company Profile
(
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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