UNITIL Corporation (UTL) Given Consensus Rating of “Hold” by Analysts
Shares of UNITIL Corporation (NYSE:UTL) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus target price of $50.00 for the company and are forecasting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned UNITIL Corporation an industry rank of 185 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have commented on UTL shares. Zacks Investment Research downgraded UNITIL Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub cut UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price objective on shares of UNITIL Corporation in a research note on Monday, September 18th.
Shares of UNITIL Corporation (NYSE:UTL) traded down 0.46% during midday trading on Friday, hitting $52.28. 23,073 shares of the company traded hands. The stock has a market capitalization of $737.93 million, a PE ratio of 25.12 and a beta of 0.21. UNITIL Corporation has a 52 week low of $38.73 and a 52 week high of $52.84. The stock has a 50 day moving average of $50.34 and a 200-day moving average of $48.96.
UNITIL Corporation (NYSE:UTL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. UNITIL Corporation had a return on equity of 9.88% and a net margin of 7.52%. The company had revenue of $80.80 million for the quarter, compared to the consensus estimate of $78.10 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. Equities analysts forecast that UNITIL Corporation will post $2.00 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Boston Investment Management Inc. grew its stake in shares of UNITIL Corporation by 6.0% in the second quarter. Eagle Boston Investment Management Inc. now owns 100,178 shares of the utilities provider’s stock valued at $4,839,000 after buying an additional 5,670 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of UNITIL Corporation by 47.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,344 shares of the utilities provider’s stock valued at $548,000 after buying an additional 3,626 shares in the last quarter. Swiss National Bank grew 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 in the last quarter. Teachers Advisors LLC grew its stake in shares of UNITIL Corporation by 4.2% in the first quarter. Teachers Advisors LLC now owns 29,563 shares of the utilities provider’s stock valued at $1,331,000 after buying an additional 1,185 shares in the last quarter. Finally, American International Group Inc. grew its stake in shares of UNITIL Corporation by 6.9% in the first quarter. American International Group Inc. now owns 8,540 shares of the utilities provider’s stock valued at $385,000 after buying an additional 551 shares in the last quarter. 59.38% of the stock is owned by institutional investors and hedge funds.
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About UNITIL Corporation
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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