Unitil Corp. (UTL) Stake Maintained by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System maintained its position in Unitil Corp. (NYSE:UTL) during the second quarter, Holdings Channel reports. The institutional investor owned 13,885 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned approximately 0.10% of Unitil Corp. worth $592,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in UTL. Mesirow Financial Investment Management US Value Equity purchased a new position in shares of Unitil Corp. during the first quarter valued at about $233,000. King Wealth Management Group LLC increased its position in shares of Unitil Corp. by 9.2% in the first quarter. King Wealth Management Group LLC now owns 8,270 shares of the company’s stock valued at $351,000 after buying an additional 700 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Unitil Corp. by 1.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,837 shares of the company’s stock valued at $460,000 after buying an additional 167 shares in the last quarter. Commonwealth Equity Services Inc increased its position in shares of 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 in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Unitil Corp. by 25.5% in the second quarter. California Public Employees Retirement System now owns 20,700 shares of the company’s stock worth $883,000 after buying an additional 4,200 shares in the last quarter. 58.09% of the stock is owned by institutional investors.
Shares of Unitil Corp. (NYSE:UTL) traded down 1.92% during trading on Tuesday, hitting $37.77. 11,208 shares of the company’s stock were exchanged. The stock has a market cap of $530.74 million, a PE ratio of 21.63 and a beta of 0.18. Unitil Corp. has a 1-year low of $33.75 and a 1-year high of $45.16. The stock’s 50-day moving average price is $39.55 and its 200-day moving average price is $41.00.
Unitil Corp. (NYSE:UTL) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Unitil Corp. had a net margin of 6.47% and a return on equity of 8.58%. The firm had revenue of $73 million for the quarter, compared to the consensus estimate of $79.90 million. During the same period in the previous year, the company earned $0.12 earnings per share. On average, equities analysts expect that Unitil Corp. will post $1.81 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Unitil Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd.
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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