NEXT Financial Group Inc trimmed its holdings in shares of UNITIL Corporation (NYSE:UTL) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,022 shares of the utilities provider’s stock after selling 1,852 shares during the quarter. UNITIL comprises about 1.2% of NEXT Financial Group Inc’s investment portfolio, making the stock its 16th largest holding. NEXT Financial Group Inc owned approximately 0.40% of UNITIL worth $2,693,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC increased its holdings in UNITIL by 1.8% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 951,407 shares of the utilities provider’s stock valued at $47,057,000 after buying an additional 16,392 shares during the period. Vanguard Group Inc. increased its holdings in UNITIL by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 784,082 shares of the utilities provider’s stock valued at $37,880,000 after buying an additional 7,281 shares during the period. Dimensional Fund Advisors LP increased its holdings in UNITIL by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 539,193 shares of the utilities provider’s stock valued at $26,669,000 after buying an additional 11,662 shares during the period. Renaissance Technologies LLC increased its holdings in UNITIL by 7.6% in the 2nd quarter. Renaissance Technologies LLC now owns 530,500 shares of the utilities provider’s stock valued at $25,628,000 after buying an additional 37,500 shares during the period. Finally, Pax World Management LLC increased its holdings in UNITIL by 3.4% in the 3rd quarter. Pax World Management LLC now owns 396,177 shares of the utilities provider’s stock valued at $19,595,000 after buying an additional 13,154 shares during the period. 58.18% of the stock is currently owned by institutional investors and hedge funds.

UNITIL Corporation (UTL) traded down $0.20 on Tuesday, hitting $43.87. 60,433 shares of the stock were exchanged, compared to its average volume of 78,180. UNITIL Corporation has a one year low of $43.03 and a one year high of $52.84. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 1.04. The firm has a market cap of $648.92, a P/E ratio of 21.94, a P/E/G ratio of 5.18 and a beta of 0.20.

UNITIL (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 analysts’ consensus estimates of $0.12 by $0.04. UNITIL had a net margin of 7.09% and a return on equity of 9.39%. The company had revenue of $475.20 million for the quarter, compared to the consensus estimate of $82.80 million. During the same period last year, the company posted $0.25 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. equities analysts predict that UNITIL Corporation will post 2.03 earnings per share for the current fiscal year.

Several research firms have commented on UTL. Zacks Investment Research raised shares of UNITIL from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, November 1st. Royal Bank of Canada reissued a “hold” rating and issued a $47.00 target price on shares of UNITIL in a report on Monday, September 18th. Bank of America began coverage on shares of UNITIL in a report on Monday, December 18th. They issued a “neutral” rating and a $49.00 target price on the stock. Finally, Janney Montgomery Scott raised shares of UNITIL from a “neutral” rating to a “buy” rating and decreased their target price for the company from $52.00 to $50.00 in a report on Tuesday, December 26th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.00.

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UNITIL Profile

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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Institutional Ownership by Quarter for UNITIL (NYSE:UTL)

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