Invesco Ltd. grew its stake in Unitil Co. (NYSE:UTL - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 117,280 shares of the utilities provider's stock after buying an additional 6,335 shares during the quarter. Invesco Ltd. owned 0.72% of Unitil worth $6,355,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of UTL. US Bancorp DE lifted its holdings in Unitil by 8,333.3% in the fourth quarter. US Bancorp DE now owns 2,024 shares of the utilities provider's stock valued at $110,000 after acquiring an additional 2,000 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Unitil by 32.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,374 shares of the utilities provider's stock worth $291,000 after buying an additional 1,304 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Unitil by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the utilities provider's stock valued at $309,000 after buying an additional 709 shares during the period. Meritage Portfolio Management increased its stake in shares of Unitil by 12.3% in the 4th quarter. Meritage Portfolio Management now owns 6,515 shares of the utilities provider's stock valued at $353,000 after purchasing an additional 715 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Unitil in the 4th quarter valued at $385,000. Hedge funds and other institutional investors own 76.76% of the company's stock.
Analysts Set New Price Targets
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.
Check Out Our Latest Analysis on Unitil
Unitil Trading Up 0.1 %
Shares of UTL traded up $0.05 during mid-day trading on Thursday, reaching $58.71. The company had a trading volume of 4,484 shares, compared to its average volume of 61,620. Unitil Co. has a fifty-two week low of $48.94 and a fifty-two week high of $63.52. The stock has a market cap of $953.80 million, a price-to-earnings ratio of 20.04 and a beta of 0.58. 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 has a fifty day simple moving average of $56.83 and a 200-day simple moving average of $56.57.
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.
See Also
Before you consider Unitil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unitil wasn't on the list.
While Unitil currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
