Advisors Asset Management Inc. Raises Stake in Unitil Corp. (UTL)
Advisors Asset Management Inc. boosted its position in Unitil Corp. (NYSE:UTL) by 10.9% during the second quarter, Holdings Channel reports. The firm owned 21,757 shares of the company’s stock after buying an additional 2,139 shares during the period. Advisors Asset Management Inc. owned approximately 0.15% of Unitil Corp. worth $928,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc increased its stake in Unitil Corp. by 5.3% in the first quarter. Commonwealth Equity Services Inc now owns 11,107 shares of the company’s stock worth $472,000 after buying an additional 557 shares during the period. Aperio Group LLC increased its position in shares of Unitil Corp. by 16.9% in the first quarter. Aperio Group LLC now owns 23,639 shares of the company’s stock worth $1,004,000 after buying an additional 3,419 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Unitil Corp. by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,645 shares of the company’s stock worth $920,000 after buying an additional 75 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Unitil Corp. by 28.2% in the first quarter. TIAA CREF Investment Management LLC now owns 65,030 shares of the company’s stock worth $2,763,000 after buying an additional 14,317 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Unitil Corp. by 1.1% in the first quarter. Teachers Advisors Inc. now owns 34,113 shares of the company’s stock worth $1,449,000 after buying an additional 366 shares during the last quarter. 58.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Unitil Corp. (NYSE:UTL) traded up 1.54% on Thursday, reaching $40.27. The company’s stock had a trading volume of 18,446 shares. The stock has a 50-day moving average price of $40.07 and a 200-day moving average price of $41.06. Unitil Corp. has a 1-year low of $33.75 and a 1-year high of $45.16. The company has a market capitalization of $565.87 million, a price-to-earnings ratio of 23.06 and a beta of 0.19.
Unitil Corp. (NYSE:UTL) last announced its earnings results on Thursday, July 21st. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Unitil Corp. had a return on equity of 8.58% and a net margin of 6.47%. The company had revenue of $73 million for the quarter, compared to the consensus estimate of $79.90 million. During the same period last year, the business posted $0.12 EPS. On average, equities research analysts forecast that Unitil Corp. will post $1.81 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a $0.355 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.42 annualized dividend and a dividend yield of 3.58%. Unitil Corp.’s dividend payout ratio (DPR) is currently 81.14%.
Separately, Zacks Investment Research raised Unitil Corp. from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd.
About Unitil Corp.
Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the local distribution of electricity and natural gas to customers throughout its service territories in the states of New Hampshire, Massachusetts and Maine. It operates through three segments: utility gas operations, utility electric operations and non-regulated.
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