The Manufacturers Life Insurance Company lifted its holdings in shares of UNITIL Corporation (NYSE:UTL) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,163 shares of the utilities provider’s stock after buying an additional 349 shares during the period. The Manufacturers Life Insurance Company owned about 0.09% of UNITIL Corporation worth $587,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UTL. Teachers Advisors LLC boosted its stake in shares of UNITIL Corporation by 4.2% during the 1st quarter. Teachers Advisors LLC now owns 29,563 shares of the utilities provider’s stock worth $1,331,000 after buying an additional 1,185 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of UNITIL Corporation by 2.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 45,381 shares of the utilities provider’s stock worth $2,044,000 after buying an additional 1,032 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of UNITIL Corporation by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 776,801 shares of the utilities provider’s stock worth $34,980,000 after buying an additional 12,119 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of UNITIL Corporation by 4.2% during the 1st quarter. Geode Capital Management LLC now owns 148,807 shares of the utilities provider’s stock worth $6,700,000 after buying an additional 6,002 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of UNITIL Corporation by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 510,860 shares of the utilities provider’s stock worth $23,004,000 after buying an additional 28,709 shares during the last quarter. Institutional investors own 59.79% of the company’s stock.

UNITIL Corporation (NYSE:UTL) opened at $50.63 on Wednesday. UNITIL Corporation has a one year low of $42.36 and a one year high of $52.84. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.53 and a current ratio of 0.56. The company has a market cap of $705.48, a PE ratio of 24.98 and a beta of 0.21.

UNITIL Corporation (NYSE:UTL) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. UNITIL Corporation had a net margin of 7.09% and a return on equity of 9.39%. The company had revenue of $475.20 million during the quarter, compared to the consensus estimate of $82.80 million. During the same period in the prior year, the business posted $0.25 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. research analysts anticipate that UNITIL Corporation will post 2.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.84%. UNITIL Corporation’s payout ratio is 72.00%.

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A number of equities analysts have recently commented on UTL shares. BidaskClub downgraded shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of UNITIL Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $47.00 price objective on shares of UNITIL Corporation in a research note on Wednesday, October 18th.

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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Institutional Ownership by Quarter for UNITIL Corporation (NYSE:UTL)

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