UNITIL (UTL) Upgraded at Janney Montgomery Scott
UTL has been the topic of a number of other reports. Royal Bank of Canada restated a hold rating and issued a $47.00 price target on shares of UNITIL in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of UNITIL from a sell rating to a hold rating in a report on Wednesday, September 6th. Finally, Bank of America started coverage on shares of UNITIL in a report on Monday, December 18th. They issued a neutral rating and a $49.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $51.00.
UNITIL (NYSE UTL) traded down $0.33 during midday trading on Monday, hitting $44.72. 66,580 shares of the stock were exchanged, compared to its average volume of 97,660. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $660.40, a PE ratio of 22.36, a PEG ratio of 5.27 and a beta of 0.20. UNITIL has a 12-month low of $43.03 and a 12-month high of $52.84.
UNITIL (NYSE:UTL) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The firm had revenue of $475.20 million for the quarter, compared to analysts’ expectations of $82.80 million. UNITIL had a net margin of 7.09% and a return on equity of 9.39%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. research analysts forecast that UNITIL will post 2.03 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. lifted its stake in UNITIL by 1.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,140 shares of the utilities provider’s stock worth $490,000 after acquiring an additional 100 shares during the period. Teachers Advisors LLC lifted its stake in UNITIL by 0.8% in the second quarter. Teachers Advisors LLC now owns 29,792 shares of the utilities provider’s stock worth $1,439,000 after acquiring an additional 229 shares during the period. The Manufacturers Life Insurance Company lifted its stake in UNITIL by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 12,163 shares of the utilities provider’s stock worth $587,000 after acquiring an additional 349 shares during the period. Symphony Asset Management LLC lifted its stake in UNITIL by 4.1% in the second quarter. Symphony Asset Management LLC now owns 13,155 shares of the utilities provider’s stock worth $635,000 after acquiring an additional 518 shares during the period. Finally, Horizon Investment Services LLC lifted its stake in UNITIL by 3.9% in the second quarter. Horizon Investment Services LLC now owns 18,121 shares of the utilities provider’s stock worth $875,000 after acquiring an additional 675 shares during the period. 58.18% of the stock is owned by institutional investors.
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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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