UNITIL Corporation (UTL) Receiving Somewhat Favorable Press Coverage, Study Shows
Press coverage about UNITIL Corporation (NYSE:UTL) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. UNITIL Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.3026991006204 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of UNITIL Corporation (NYSE:UTL) traded down 0.31% on Friday, hitting $48.85. The company had a trading volume of 27,260 shares. UNITIL Corporation has a 12 month low of $37.31 and a 12 month high of $52.20. The company has a 50-day moving average of $49.89 and a 200 day moving average of $47.98. The stock has a market cap of $689.52 million, a PE ratio of 23.47 and a beta of 0.22.
UNITIL Corporation (NYSE:UTL) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $80.80 million during the quarter, compared to analysts’ expectations of $78.10 million. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. During the same period last year, the firm posted $0.18 earnings per share. Analysts anticipate that UNITIL Corporation will post $2.00 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, August 11th. UNITIL Corporation’s payout ratio is 68.90%.
Several research analysts recently issued reports on the company. Royal Bank Of Canada restated a “hold” rating and set a $47.00 price objective on shares of UNITIL Corporation in a research report on Tuesday, August 15th. BidaskClub upgraded UNITIL Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded UNITIL Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
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.
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