Royal Bank Of Canada reissued their hold rating on shares of UNITIL Corporation (NYSE:UTL) in a research report released on Wednesday. They currently have a $47.00 target price on the utilities provider’s stock.

UTL has been the topic of several other reports. Zacks Investment Research upgraded UNITIL Corporation from a sell rating to a hold rating in a research report on Wednesday, September 6th. BidaskClub upgraded UNITIL Corporation from a hold rating to a buy rating in a research report on Thursday, August 10th.

Shares of UNITIL Corporation (NYSE UTL) traded up 0.681% during mid-day trading on Wednesday, reaching $52.475. 15,030 shares of the company traded hands. UNITIL Corporation has a 52-week low of $38.43 and a 52-week high of $52.69. The stock has a market capitalization of $740.68 million, a price-to-earnings ratio of 25.216 and a beta of 0.21. The company’s 50 day moving average is $50.19 and its 200 day moving average is $48.88.

UNITIL Corporation (NYSE:UTL) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $80.80 million for the quarter, compared to the consensus estimate of $78.10 million. During the same period in the prior year, the business posted $0.18 earnings per share. On average, equities analysts forecast that UNITIL Corporation will post $2.00 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. lifted its position in UNITIL Corporation by 1.0% during 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 buying an additional 100 shares during the period. Bessemer Group Inc. lifted its position in UNITIL Corporation by 0.6% during the second quarter. Bessemer Group Inc. now owns 35,340 shares of the utilities provider’s stock worth $1,706,000 after buying an additional 228 shares during the period. Teachers Advisors LLC lifted its position in UNITIL Corporation by 0.8% during the second quarter. Teachers Advisors LLC now owns 29,792 shares of the utilities provider’s stock worth $1,439,000 after buying an additional 229 shares during the period. The Manufacturers Life Insurance Company lifted its position in UNITIL Corporation by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 12,163 shares of the utilities provider’s stock worth $587,000 after buying an additional 349 shares during the period. Finally, Strs Ohio lifted its position in UNITIL Corporation by 6.8% during the second quarter. Strs Ohio now owns 6,300 shares of the utilities provider’s stock worth $304,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 59.38% of the company’s stock.

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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