Unitil Corp. (UTL) Reaches New 1-Year High at $44.03
Unitil Corp. (NYSE:UTL)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.03 and last traded at $43.26, with a volume of 13,484 shares. The stock had previously closed at $43.84.
Several research firms have recently commented on UTL. Zacks Investment Research upgraded shares of Unitil Corp. from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Thursday, March 31st. Royal Bank Of Canada upgraded shares of Unitil Corp. from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $37.00 to $38.00 in a research note on Monday, April 25th.
The company has a market capitalization of $610.03 million and a price-to-earnings ratio of 25.67. The company has a 50 day moving average of $42.02 and a 200-day moving average of $40.01.
Unitil Corp. (NYSE:UTL) last released its earnings results on Thursday, April 21st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.10. The business had revenue of $125.80 million for the quarter, compared to the consensus estimate of $173.35 million. During the same quarter in the previous year, the business posted $0.98 EPS. Analysts predict that Unitil Corp. will post $1.88 EPS for the current fiscal year.
A number of large investors have added to or reduced their stakes in UTL. Monarch Partners Asset Management LLC raised its stake in Unitil Corp. by 119.4% in the fourth quarter. Monarch Partners Asset Management LLC now owns 124,458 shares of the company’s stock worth $4,466,000 after buying an additional 67,733 shares during the period. Russell Frank Co raised its stake in Unitil Corp. by 1.6% in the fourth quarter. Russell Frank Co now owns 263,141 shares of the company’s stock worth $9,539,000 after buying an additional 4,169 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Unitil Corp. by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 438,871 shares of the company’s stock worth $15,747,000 after buying an additional 27,470 shares during the period.
Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the distribution of electricity and natural gas. The Company operates in three segments: utility gas operations, utility electric operations and non-regulated. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capitol 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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