Eagle Boston Investment Management Inc. Purchases 4,769 Shares of Unitil Co. (UTL)
Eagle Boston Investment Management Inc. boosted its position in Unitil Co. (NYSE:UTL) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196,211 shares of the utilities provider’s stock after acquiring an additional 4,769 shares during the period. Eagle Boston Investment Management Inc. owned 1.32% of Unitil worth $9,987,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. First Manhattan Co. boosted its holdings in Unitil by 4.9% in the third quarter. First Manhattan Co. now owns 89,744 shares of the utilities provider’s stock worth $4,567,000 after acquiring an additional 4,200 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Unitil by 19.0% in the second quarter. Sei Investments Co. now owns 64,360 shares of the utilities provider’s stock valued at $3,285,000 after purchasing an additional 10,297 shares in the last quarter. Sigma Planning Corp bought a new position in shares of Unitil in the second quarter valued at approximately $205,000. Citadel Advisors LLC lifted its holdings in shares of Unitil by 15.2% in the second quarter. Citadel Advisors LLC now owns 46,419 shares of the utilities provider’s stock valued at $2,370,000 after purchasing an additional 6,112 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Unitil by 4.0% in the second quarter. BlackRock Inc. now owns 1,133,518 shares of the utilities provider’s stock valued at $57,855,000 after purchasing an additional 43,921 shares in the last quarter. Institutional investors and hedge funds own 64.74% of the company’s stock.
UTL stock opened at $48.98 on Monday. Unitil Co. has a twelve month low of $40.92 and a twelve month high of $53.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.67. The company has a market capitalization of $728.48 million, a PE ratio of 23.78, a P/E/G ratio of 6.00 and a beta of 0.04.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.98%. Unitil’s dividend payout ratio is presently 70.87%.
A number of research firms have recently weighed in on UTL. Zacks Investment Research lowered Unitil from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Bank of America raised their target price on Unitil from $47.00 to $49.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st.
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Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes 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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