Oppenheimer & Co. Inc. lessened its position in UNITIL Corporation (NYSE:UTL) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,617 shares of the utilities provider’s stock after selling 2,000 shares during the period. Oppenheimer & Co. Inc. owned about 0.10% of UNITIL Corporation worth $658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of UNITIL Corporation by 293.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,349 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 1,752 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of UNITIL Corporation by 11.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,511 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 464 shares during the period. Schroder Investment Management Group grew its position in shares of UNITIL Corporation by 29.4% in the 1st quarter. Schroder Investment Management Group now owns 4,908 shares of the utilities provider’s stock valued at $221,000 after acquiring an additional 1,114 shares during the period. Strs Ohio grew its position in shares of UNITIL Corporation by 6.8% in the 2nd quarter. Strs Ohio now owns 6,300 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 400 shares during the period. Finally, Bank of Montreal Can grew its position in shares of UNITIL Corporation by 1.9% in the 1st quarter. Bank of Montreal Can now owns 6,770 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 124 shares during the period. 59.39% of the stock is owned by institutional investors.

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UNITIL Corporation (UTL) opened at 49.85 on Wednesday. The stock has a 50 day moving average of $50.21 and a 200-day moving average of $47.78. The company has a market cap of $703.63 million, a P/E ratio of 23.95 and a beta of 0.22. UNITIL Corporation has a 12 month low of $37.31 and a 12 month high of $52.20.

UNITIL Corporation (NYSE:UTL) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The company had revenue of $80.80 million during the quarter, compared to analyst estimates of $78.10 million. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. During the same quarter in the prior year, the business earned $0.18 earnings per share. Equities research analysts expect that UNITIL Corporation will post $2.00 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.44 annualized dividend and a yield of 2.89%. UNITIL Corporation’s payout ratio is currently 68.90%.

A number of research analysts have recently commented on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $47.00 price objective on shares of UNITIL Corporation in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of UNITIL Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, BidaskClub raised shares of UNITIL Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th.

About UNITIL Corporation

Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.

Institutional Ownership by Quarter for UNITIL Corporation (NYSE:UTL)

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