Geode Capital Management LLC Has $6.70 Million Position in UNITIL Corporation (UTL)
Geode Capital Management LLC boosted its position in shares of UNITIL Corporation (NYSE:UTL) by 4.2% during the first quarter, Holdings Channel reports. The institutional investor owned 148,807 shares of the utilities provider’s stock after buying an additional 6,002 shares during the period. Geode Capital Management LLC’s holdings in UNITIL Corporation were worth $6,700,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of UTL. O Shaughnessy Asset Management LLC raised its stake 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 worth $203,000 after buying an additional 464 shares in the last quarter. Schroder Investment Management Group raised its position in shares of 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 raised its position in shares of 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 bought a new position in shares of UNITIL Corporation during the first quarter valued at about $348,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of UNITIL Corporation during the first quarter valued at about $348,000. 58.90% of the stock is currently owned by institutional investors.
UNITIL Corporation (NYSE UTL) traded up 0.06% on Monday, hitting $50.53. 3,299 shares of the company’s stock were exchanged. UNITIL Corporation has a 52-week low of $37.31 and a 52-week high of $52.20. The stock has a market cap of $713.23 million, a P/E ratio of 24.28 and a beta of 0.21. The firm has a 50 day moving average price of $49.44 and a 200-day moving average price of $46.83.
UNITIL Corporation (NYSE:UTL) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. The firm had revenue of $80.80 million for the quarter, compared to analysts’ expectations of $78.10 million. During the same quarter in the previous year, the business posted $0.18 EPS. Analysts predict that UNITIL Corporation will post $2.00 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, August 11th. UNITIL Corporation’s dividend payout ratio (DPR) is presently 68.90%.
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Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of UNITIL Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub lowered shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st.
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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