Unitil Corp. (UTL) Reaches New 1-Year High at $44.03
Unitil Corp. (NYSE:UTL) reached a new 52-week high during trading on Monday . The company 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.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Unitil Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Royal Bank Of Canada upgraded shares of Unitil Corp. from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from $37.00 to $38.00 in a report on Monday, April 25th.
The firm has a market cap of $609.19 million and a PE ratio of 25.64. The firm’s 50-day moving average price is $42.21 and its 200-day moving average price is $40.17.
Unitil Corp. (NYSE:UTL) last announced its quarterly earnings data on Thursday, April 21st. The company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.10. The firm had revenue of $125.80 million for the quarter, compared to analysts’ expectations of $173.35 million. During the same period last year, the firm posted $0.98 EPS. On average, equities research analysts anticipate that Unitil Corp. will post $1.88 EPS for the current fiscal year.
Several large investors have made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of 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 last quarter. 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 in the last quarter. Finally, 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 in the last quarter.
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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