Advisors Asset Management Inc. Decreases Holdings in Unitil Co. (NYSE:UTL)

Advisors Asset Management Inc. reduced its position in Unitil Co. (NYSE:UTL) by 12.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,615 shares of the utilities provider’s stock after selling 2,886 shares during the period. Advisors Asset Management Inc. owned approximately 0.12% of Unitil worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Creative Planning boosted its position in Unitil by 3.3% in the second quarter. Creative Planning now owns 6,758 shares of the utilities provider’s stock worth $350,000 after purchasing an additional 218 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Unitil by 1.6% in the second quarter. Victory Capital Management Inc. now owns 20,419 shares of the utilities provider’s stock worth $1,058,000 after buying an additional 319 shares during the last quarter. Meritage Portfolio Management grew its position in Unitil by 9.1% during the third quarter. Meritage Portfolio Management now owns 5,800 shares of the utilities provider’s stock valued at $351,000 after buying an additional 482 shares during the period. 1620 Investment Advisors Inc. increased its holdings in Unitil by 10.0% during the second quarter. 1620 Investment Advisors Inc. now owns 7,145 shares of the utilities provider’s stock valued at $370,000 after buying an additional 648 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Unitil by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,289 shares of the utilities provider’s stock worth $539,000 after acquiring an additional 669 shares during the period. Institutional investors own 76.76% of the company’s stock.

Unitil Trading Up 0.4 %

Shares of Unitil stock opened at $60.63 on Tuesday. Unitil Co. has a 1-year low of $45.26 and a 1-year high of $63.52. The company’s fifty day simple moving average is $59.22 and its 200-day simple moving average is $56.75. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.82. The stock has a market capitalization of $981.60 million, a PE ratio of 20.69 and a beta of 0.61.

Unitil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, November 14th. Unitil’s dividend payout ratio is presently 58.02%.

Unitil Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as electricity and natural gas in the greater Fitchburg area of north central Massachusetts.