Nisa Investment Advisors LLC Has $477,000 Stake in UNITIL Corporation (NYSE:UTL)
Nisa Investment Advisors LLC cut its stake in UNITIL Corporation (NYSE:UTL) by 16.1% during the second quarter, Holdings Channel reports. The firm owned 9,900 shares of the utilities provider’s stock after selling 1,900 shares during the period. Nisa Investment Advisors LLC’s holdings in UNITIL Corporation were worth $477,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its stake in shares of UNITIL Corporation by 113.3% in the first quarter. Sei Investments Co. now owns 21,281 shares of the utilities provider’s stock valued at $958,000 after buying an additional 11,304 shares during the period. Swiss National Bank boosted its stake in shares of UNITIL Corporation by 5.3% in the first quarter. Swiss National Bank now owns 22,000 shares of the utilities provider’s stock valued at $991,000 after buying an additional 1,100 shares during the period. Teachers Advisors LLC boosted its stake in shares of UNITIL Corporation by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 28,378 shares of the utilities provider’s stock valued at $1,287,000 after buying an additional 1,858 shares during the period. Victory Capital Management Inc. boosted its stake in shares of UNITIL Corporation by 19.4% in the first quarter. Victory Capital Management Inc. now owns 16,690 shares of the utilities provider’s stock valued at $752,000 after buying an additional 2,706 shares during the period. Finally, TFS Capital LLC acquired a new stake in shares of UNITIL Corporation during the first quarter valued at $348,000. Institutional investors and hedge funds own 58.90% of the company’s stock.
Shares of UNITIL Corporation (NYSE UTL) traded down 2.06% during mid-day trading on Friday, reaching $48.92. 17,998 shares of the company’s stock traded hands. The company has a market cap of $690.51 million, a P/E ratio of 23.51 and a beta of 0.21. UNITIL Corporation has a 12-month low of $37.31 and a 12-month high of $52.20. The firm has a 50-day moving average of $49.66 and a 200 day moving average of $47.04.
UNITIL Corporation (NYSE:UTL) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $78.10 million. During the same period in the prior year, the firm posted $0.18 earnings per share. Equities analysts forecast that UNITIL Corporation will post $2.00 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, August 11th. UNITIL Corporation’s payout ratio is 68.90%.
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Several analysts have weighed in on UTL shares. BidaskClub cut shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of UNITIL Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th.
UNITIL Corporation Company Profile
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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