Two Sigma Advisers LP trimmed its position in shares of Unitil Co. (NYSE:UTL) by 12.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,676 shares of the utilities provider’s stock after selling 2,086 shares during the period. Two Sigma Advisers LP’s holdings in Unitil were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in Unitil by 2.9% during the fourth quarter. BlackRock Inc. now owns 1,185,829 shares of the utilities provider’s stock worth $60,050,000 after buying an additional 33,372 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Unitil by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 763,438 shares of the utilities provider’s stock valued at $38,859,000 after purchasing an additional 41,978 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Unitil by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 763,438 shares of the utilities provider’s stock valued at $38,859,000 after purchasing an additional 41,978 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Unitil by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 575,348 shares of the utilities provider’s stock valued at $29,136,000 after purchasing an additional 3,753 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Unitil by 48.8% in the 4th quarter. Northern Trust Corp now owns 288,072 shares of the utilities provider’s stock valued at $14,589,000 after purchasing an additional 94,481 shares in the last quarter. Hedge funds and other institutional investors own 65.04% of the company’s stock.

UTL opened at $53.90 on Wednesday. Unitil Co. has a 1-year low of $45.43 and a 1-year high of $55.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.75 and a current ratio of 0.79. The company has a market capitalization of $814.78 million, a PE ratio of 24.50, a P/E/G ratio of 5.15 and a beta of 0.08.

Unitil (NYSE:UTL) last posted its earnings results on Thursday, January 31st. The utilities provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. Unitil had a net margin of 7.43% and a return on equity of 9.49%. The business had revenue of $125.60 million for the quarter, compared to the consensus estimate of $120.10 million. On average, analysts expect that Unitil Co. will post 2.31 earnings per share for the current year.

A number of equities research analysts have recently weighed in on UTL shares. Bank of America restated an “underperform” rating and issued a $51.00 price target (up from $48.00) on shares of Unitil in a research note on Friday, February 1st. Zacks Investment Research downgraded shares of Unitil from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd.

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Unitil Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes 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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