Numeric Investors LLC lifted its stake in shares of UNITIL Corporation (NYSE:UTL) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,948 shares of the utilities provider’s stock after purchasing an additional 1,602 shares during the period. Numeric Investors LLC owned about 0.50% of UNITIL Corporation worth $3,379,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Eagle Boston Investment Management Inc. increased its stake in shares of UNITIL Corporation by 6.0% during the second quarter. Eagle Boston Investment Management Inc. now owns 100,178 shares of the utilities provider’s stock worth $4,839,000 after purchasing an additional 5,670 shares in the last quarter. Sei Investments Co. increased its stake in shares of UNITIL Corporation by 113.3% during the first quarter. Sei Investments Co. now owns 21,281 shares of the utilities provider’s stock worth $958,000 after purchasing an additional 11,304 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of UNITIL Corporation by 47.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,344 shares of the utilities provider’s stock worth $548,000 after purchasing an additional 3,626 shares in the last quarter. Swiss National Bank increased its stake in shares of UNITIL Corporation by 5.3% during the first quarter. Swiss National Bank now owns 22,000 shares of the utilities provider’s stock worth $991,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of UNITIL Corporation by 4.2% during the first quarter. Teachers Advisors LLC now owns 29,563 shares of the utilities provider’s stock worth $1,331,000 after purchasing an additional 1,185 shares in the last quarter. 59.39% of the stock is owned by institutional investors and hedge funds.

Shares of UNITIL Corporation (NYSE UTL) opened at 50.67 on Thursday. The stock has a market cap of $715.21 million, a PE ratio of 24.35 and a beta of 0.21. The company’s 50-day moving average is $49.71 and its 200 day moving average is $48.40. UNITIL Corporation has a 52 week low of $37.31 and a 52 week high of $52.20.

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

A number of analysts have recently commented on UTL shares. BidaskClub cut shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of UNITIL Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $47.00 target price on shares of UNITIL Corporation in a research note on Monday, September 18th.

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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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