UNITIL Corporation (UTL) Receives “Hold” Rating from Royal Bank Of Canada
Royal Bank Of Canada restated their hold rating on shares of UNITIL Corporation (NYSE:UTL) in a research note released on Monday. The brokerage currently has a $47.00 price target on the utilities provider’s stock.
UTL has been the subject of a number of other reports. Zacks Investment Research raised shares of UNITIL Corporation from a sell rating to a hold rating in a research note on Wednesday, September 6th. BidaskClub upgraded shares of UNITIL Corporation from a hold rating to a buy rating in a report on Thursday, August 10th.
UNITIL Corporation (NYSE:UTL) opened at 49.60 on Monday. The company has a 50-day moving average of $49.93 and a 200-day moving average of $47.95. The company has a market capitalization of $700.10 million, a P/E ratio of 23.83 and a beta of 0.22. UNITIL Corporation has a 1-year low of $37.31 and a 1-year high of $52.20.
UNITIL Corporation (NYSE:UTL) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. The firm had revenue of $80.80 million during the quarter, compared to analysts’ expectations of $78.10 million. During the same period in the previous year, the company earned $0.18 EPS. Equities analysts expect that UNITIL Corporation will post $2.00 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.44 dividend on an annualized basis and a yield of 2.90%. UNITIL Corporation’s payout ratio is 68.90%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its holdings in UNITIL Corporation by 293.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,349 shares of the utilities provider’s stock valued at $113,000 after buying an additional 1,752 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in UNITIL Corporation by 11.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,511 shares of the utilities provider’s stock valued at $203,000 after buying an additional 464 shares in the last quarter. Schroder Investment Management Group lifted its holdings in UNITIL Corporation by 29.4% during the 1st quarter. Schroder Investment Management Group now owns 4,908 shares of the utilities provider’s stock valued at $221,000 after buying an additional 1,114 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in UNITIL Corporation during the 2nd quarter valued at about $254,000. Finally, Strs Ohio lifted its holdings in UNITIL Corporation by 6.8% during the 2nd quarter. Strs Ohio now owns 6,300 shares of the utilities provider’s stock valued at $304,000 after buying an additional 400 shares in the last quarter. Institutional investors own 59.39% 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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