Somewhat Favorable Media Coverage Somewhat Unlikely to Impact UNITIL Corporation (UTL) Stock Price
News coverage about UNITIL Corporation (NYSE:UTL) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. UNITIL Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.7076999454193 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several equities analysts have recently commented on UTL shares. Zacks Investment Research cut shares of UNITIL Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub cut shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $47.00 price target on shares of UNITIL Corporation in a report on Tuesday, August 15th.
UNITIL Corporation (UTL) opened at 49.51 on Wednesday. The stock has a market capitalization of $698.83 million, a PE ratio of 23.79 and a beta of 0.22. The stock’s 50 day moving average is $50.22 and its 200 day moving average is $47.63. UNITIL Corporation has a 12-month low of $37.31 and a 12-month high of $52.20.
UNITIL Corporation (NYSE:UTL) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.23 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 business had revenue of $80.80 million for the quarter, compared to analyst estimates of $78.10 million. During the same period last year, the business posted $0.18 earnings per share. Analysts forecast that UNITIL Corporation will post $2.00 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.91%. UNITIL Corporation’s payout ratio is 68.90%.
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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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