Tower Research Capital LLC TRC reduced its position in shares of Unitil Co. (NYSE:UTL - Free Report) by 88.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 846 shares of the utilities provider's stock after selling 6,549 shares during the quarter. Tower Research Capital LLC TRC's holdings in Unitil were worth $46,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of UTL. Barclays PLC lifted its stake in Unitil by 139.7% in the 3rd quarter. Barclays PLC now owns 32,834 shares of the utilities provider's stock valued at $1,989,000 after buying an additional 19,134 shares in the last quarter. Franklin Resources Inc. lifted its stake in Unitil by 4.5% in the 3rd quarter. Franklin Resources Inc. now owns 87,968 shares of the utilities provider's stock valued at $5,171,000 after buying an additional 3,795 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in Unitil by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 15,398 shares of the utilities provider's stock valued at $834,000 after buying an additional 400 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in Unitil by 11.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 33,689 shares of the utilities provider's stock valued at $1,826,000 after buying an additional 3,430 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in Unitil by 36.7% in the 4th quarter. Annex Advisory Services LLC now owns 21,488 shares of the utilities provider's stock valued at $1,164,000 after buying an additional 5,770 shares in the last quarter. 76.76% of the stock is owned by hedge funds and other institutional investors.
Unitil Trading Down 1.5%
Shares of Unitil stock opened at $54.03 on Wednesday. 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 firm's 50-day moving average price is $57.08 and its 200 day moving average price is $56.45. Unitil Co. has a twelve month low of $48.94 and a twelve month high of $63.52. The firm has a market capitalization of $878.04 million, a PE ratio of 18.44 and a beta of 0.67.
Unitil (NYSE:UTL - Get Free Report) last released its earnings results on Tuesday, May 6th. The utilities provider reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.04). Unitil had a return on equity of 9.36% and a net margin of 9.52%. The business had revenue of $207.00 million during the quarter, compared to analysts' expectations of $193.03 million. On average, sell-side analysts predict that Unitil Co. will post 3.08 EPS for the current fiscal year.
Unitil Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, May 15th. Unitil's dividend payout ratio (DPR) is 61.43%.
Wall Street Analysts Forecast Growth
Separately, Guggenheim reaffirmed a "neutral" rating and issued a $55.00 price target on shares of Unitil in a research note on Wednesday, February 12th.
Get Our Latest Research Report on Unitil
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.
See Also
Want to see what other hedge funds are holding UTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unitil Co. (NYSE:UTL - Free Report).
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