Public Sector Pension Investment Board Has $2.97 Million Stake in Unitil Corporation $UTL

Key Points

• The Public Sector Pension Investment Board increased its stake in Unitil Corporation by 27.8% during the first quarter, now owning approximately 51,524 shares valued at $2.97 million.
• Unitil recently announced a quarterly dividend of $0.45 per share, resulting in an annualized dividend of $1.80 with a yield of 3.8%.
• As of the latest report, 76.76% of Unitil's stock is owned by institutional investors, indicating significant interest from larger financial entities.

Public Sector Pension Investment Board raised its stake in Unitil Corporation (NYSE:UTL - Free Report) by 27.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,524 shares of the utilities provider's stock after buying an additional 11,221 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Unitil worth $2,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Unitil by 27.8% in the first quarter. GAMMA Investing LLC now owns 887 shares of the utilities provider's stock valued at $51,000 after buying an additional 193 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Unitil by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,087 shares of the utilities provider's stock valued at $492,000 after buying an additional 317 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Unitil by 3.4% in the first 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 in the last quarter. Barclays PLC lifted its position in shares of Unitil by 1.2% in the fourth quarter. Barclays PLC now owns 33,240 shares of the utilities provider's stock worth $1,802,000 after purchasing an additional 406 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Unitil by 798.2% in the fourth quarter. Sterling Capital Management LLC now owns 512 shares of the utilities provider's stock worth $28,000 after purchasing an additional 455 shares in the last quarter. Institutional investors own 76.76% of the company's stock.

Unitil Stock Down 2.3%

Shares of UTL stock traded down $1.1210 during trading on Monday, reaching $46.7490. The company's stock had a trading volume of 114,346 shares, compared to its average volume of 118,306. The business has a fifty day moving average price of $50.88 and a 200-day moving average price of $54.23. The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.19. The company has a market cap of $826.99 million, a price-to-earnings ratio of 16.06 and a beta of 0.66. Unitil Corporation has a one year low of $46.65 and a one year high of $63.52.

Unitil (NYSE:UTL - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.54% and a return on equity of 9.46%. Analysts anticipate that Unitil Corporation will post 3.08 earnings per share for the current year.

Unitil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, August 14th. Unitil's payout ratio is presently 61.86%.

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.