UNITIL (UTL) Upgraded by Janney Montgomery Scott to Buy
Several other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded UNITIL from a hold rating to a buy rating and set a $58.00 target price on the stock in a research report on Wednesday, November 1st. Bank of America initiated coverage on UNITIL in a research report on Monday, December 18th. They set a neutral rating and a $49.00 target price on the stock. Finally, Royal Bank of Canada reiterated a hold rating and set a $47.00 target price on shares of UNITIL in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $51.00.
Shares of UNITIL (UTL) opened at $44.72 on Monday. The company has a market capitalization of $660.40, a price-to-earnings ratio of 22.36, a P/E/G ratio of 5.27 and a beta of 0.20. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.04. UNITIL has a fifty-two week low of $43.03 and a fifty-two week high of $52.84.
UNITIL (NYSE:UTL) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company had revenue of $475.20 million for the quarter, compared to the consensus estimate of $82.80 million. UNITIL had a return on equity of 9.39% and a net margin of 7.09%. UNITIL’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. analysts forecast that UNITIL will post 2.03 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC lifted its position in shares of UNITIL by 1.8% in the third quarter. Frontier Capital Management Co. LLC now owns 951,407 shares of the utilities provider’s stock valued at $47,057,000 after acquiring an additional 16,392 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of UNITIL by 0.9% in the second quarter. Vanguard Group Inc. now owns 784,082 shares of the utilities provider’s stock valued at $37,880,000 after acquiring an additional 7,281 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of UNITIL by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 539,193 shares of the utilities provider’s stock valued at $26,669,000 after acquiring an additional 11,662 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of UNITIL by 7.6% in the second quarter. Renaissance Technologies LLC now owns 530,500 shares of the utilities provider’s stock valued at $25,628,000 after acquiring an additional 37,500 shares in the last quarter. Finally, Pax World Management LLC lifted its position in shares of UNITIL by 3.4% in the third quarter. Pax World Management LLC now owns 396,177 shares of the utilities provider’s stock valued at $19,595,000 after acquiring an additional 13,154 shares in the last quarter. Institutional investors own 58.18% of the company’s stock.
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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