Somewhat Positive Press Coverage Somewhat Unlikely to Impact Unitil (UTL) Stock Price
News articles about Unitil (NYSE:UTL) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Unitil earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.3526235819018 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Unitil Announces Leadership Change Effective April 25, 2018 (finance.yahoo.com)
- Zacks: Unitil Co. (UTL) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Unitil Co. (UTL) Shares Sold by Martingale Asset Management L P (americanbankingnews.com)
- Unitil Co. (UTL) Position Raised by Victory Capital Management Inc. (americanbankingnews.com)
- Contrasting Unitil (UTL) & Entergy (ETR) (americanbankingnews.com)
Shares of Unitil (NYSE:UTL) traded up $0.02 during midday trading on Friday, reaching $42.33. 62,774 shares of the company’s stock traded hands, compared to its average volume of 70,061. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $627.20, a P/E ratio of 7.65 and a beta of 0.18. Unitil has a twelve month low of $40.92 and a twelve month high of $52.84.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.365 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.46 annualized dividend and a yield of 3.45%. This is an increase from Unitil’s previous quarterly dividend of $0.36. Unitil’s dividend payout ratio (DPR) is presently 26.40%.
UTL has been the subject of a number of analyst reports. Janney Montgomery Scott raised shares of Unitil from a “neutral” rating to a “buy” rating and lowered their price target for the company from $52.00 to $50.00 in a report on Tuesday, December 26th. They noted that the move was a valuation call. Bank of America began coverage on shares of Unitil in a report on Monday, December 18th. They issued a “neutral” rating and a $49.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Unitil from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $51.00.
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Unitil 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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