UNITIL (NYSE:UTL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “Unitil Corporation is a registered public utility holding company and the parent company of the Unitil System. “

Other analysts have also recently issued research reports about the stock. Bank of America began coverage on shares of UNITIL in a research note on Monday, December 18th. They issued a “neutral” rating and a $49.00 price target on the stock. Janney Montgomery Scott upgraded shares of UNITIL from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $52.00 to $50.00 in a research note on Tuesday, December 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $47.00 price target on shares of UNITIL in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.00.

Shares of UNITIL (UTL) opened at $43.50 on Friday. The company has a market cap of $644.54, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 6.36 and a beta of 0.13. UNITIL has a one year low of $40.92 and a one year high of $52.84. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 1.13.

UNITIL (NYSE:UTL) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. The business had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $107.40 million. UNITIL had a net margin of 7.14% and a return on equity of 9.38%. During the same quarter in the previous year, the company earned $0.73 EPS. equities analysts forecast that UNITIL will post 2.14 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Monashee Investment Management LLC purchased a new stake in shares of UNITIL during the 4th quarter valued at about $2,053,000. Citadel Advisors LLC purchased a new stake in shares of UNITIL during the 4th quarter valued at about $1,000,000. BlackRock Inc. raised its position in shares of UNITIL by 0.5% during the 4th quarter. BlackRock Inc. now owns 1,067,410 shares of the utilities provider’s stock valued at $48,694,000 after buying an additional 4,807 shares in the last quarter. Schroder Investment Management Group raised its position in shares of UNITIL by 83.6% during the 4th quarter. Schroder Investment Management Group now owns 7,821 shares of the utilities provider’s stock valued at $357,000 after buying an additional 3,561 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. raised its position in shares of UNITIL by 4.5% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 160,274 shares of the utilities provider’s stock valued at $7,311,000 after buying an additional 6,958 shares in the last quarter. Hedge funds and other institutional investors own 57.84% of the company’s stock.

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About UNITIL

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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