Nationwide Fund Advisors Buys 1,600 Shares of UNITIL Corporation (UTL)
Nationwide Fund Advisors lifted its stake in UNITIL Corporation (NYSE:UTL) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,715 shares of the utilities provider’s stock after acquiring an additional 1,600 shares during the period. Nationwide Fund Advisors owned 0.12% of UNITIL Corporation worth $808,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of UNITIL Corporation by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 776,801 shares of the utilities provider’s stock worth $34,980,000 after acquiring an additional 12,119 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of UNITIL Corporation by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 510,860 shares of the utilities provider’s stock worth $23,004,000 after acquiring an additional 28,709 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of UNITIL Corporation by 9.9% in the 1st quarter. Renaissance Technologies LLC now owns 493,000 shares of the utilities provider’s stock worth $22,200,000 after acquiring an additional 44,400 shares in the last quarter. State Street Corp raised its position in shares of UNITIL Corporation by 0.4% in the 1st quarter. State Street Corp now owns 342,812 shares of the utilities provider’s stock worth $15,445,000 after acquiring an additional 1,346 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of UNITIL Corporation by 5.7% in the 1st quarter. Bank of New York Mellon Corp now owns 175,446 shares of the utilities provider’s stock worth $7,900,000 after acquiring an additional 9,510 shares in the last quarter. 58.82% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Zacks Investment Research raised UNITIL Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $47.00 price target on shares of UNITIL Corporation in a research report on Monday, September 18th. Finally, BidaskClub raised UNITIL Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th.
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UNITIL Corporation (NYSE:UTL) opened at 52.32 on Friday. The stock has a market capitalization of $738.50 million, a P/E ratio of 25.14 and a beta of 0.21. UNITIL Corporation has a 52 week low of $39.04 and a 52 week high of $52.84. The company’s 50-day moving average price is $50.52 and its 200 day moving average price is $49.13.
UNITIL Corporation (NYSE:UTL) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. UNITIL Corporation had a return on equity of 9.39% and a net margin of 7.09%. The company had revenue of $475.20 million for the quarter, compared to analysts’ expectations of $82.80 million. During the same period last year, the firm earned $0.25 earnings per share. UNITIL Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that UNITIL Corporation will post $2.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Tuesday, November 14th. UNITIL Corporation’s dividend payout ratio is presently 72.00%.
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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