Dimensional Fund Advisors LP boosted its position in shares of UNITIL Corporation (NYSE:UTL) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,860 shares of the utilities provider’s stock after buying an additional 28,709 shares during the period. Dimensional Fund Advisors LP owned about 3.62% of UNITIL Corporation worth $23,004,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC raised its position in UNITIL Corporation by 11.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,511 shares of the utilities provider’s stock valued at $203,000 after buying an additional 464 shares in the last quarter. Schroder Investment Management Group increased its stake in UNITIL Corporation by 29.4% in the first quarter. Schroder Investment Management Group now owns 4,908 shares of the utilities provider’s stock valued at $221,000 after buying an additional 1,114 shares in the last quarter. Bank of Montreal Can increased its stake in UNITIL Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 6,770 shares of the utilities provider’s stock valued at $305,000 after buying an additional 124 shares in the last quarter. TFS Capital LLC acquired a new stake in UNITIL Corporation during the first quarter valued at approximately $348,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in UNITIL Corporation during the first quarter valued at about $348,000. Institutional investors and hedge funds own 59.00% of the company’s stock.
Shares of UNITIL Corporation (UTL) traded up 1.21% during midday trading on Friday, hitting $49.22. 46,733 shares of the company were exchanged. The company has a market capitalization of $694.74 million, a P/E ratio of 23.65 and a beta of 0.21. The company has a 50-day moving average of $49.81 and a 200 day moving average of $47.18. UNITIL Corporation has a one year low of $37.31 and a one year high of $52.20.
UNITIL Corporation (NYSE:UTL) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The firm had revenue of $80.80 million during the quarter, compared to the consensus estimate of $78.10 million. UNITIL Corporation had a return on equity of 9.88% and a net margin of 7.52%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that UNITIL Corporation will post $2.00 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, August 11th. UNITIL Corporation’s dividend payout ratio is currently 68.90%.
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UTL has been the subject of several recent analyst reports. BidaskClub downgraded shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut shares of UNITIL Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $47.00 price objective on shares of UNITIL Corporation in a research note on Tuesday.
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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