Rhumbline Advisers Buys 23,537 Shares of Unitil Co. (NYSE:UTL)

Rhumbline Advisers grew its stake in Unitil Co. (NYSE:UTL) by 95.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,100 shares of the utilities provider’s stock after purchasing an additional 23,537 shares during the quarter. Rhumbline Advisers owned approximately 0.32% of Unitil worth $2,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of UTL. Johnson Investment Counsel Inc. grew its stake in shares of Unitil by 0.9% in the first quarter. Johnson Investment Counsel Inc. now owns 32,660 shares of the utilities provider’s stock valued at $1,492,000 after acquiring an additional 300 shares in the last quarter. Sowell Financial Services LLC grew its stake in shares of Unitil by 68.3% in the first quarter. Sowell Financial Services LLC now owns 867 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 352 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Unitil by 3.5% in the second quarter. Advisors Asset Management Inc. now owns 14,041 shares of the utilities provider’s stock valued at $744,000 after acquiring an additional 475 shares in the last quarter. Eaton Vance Management acquired a new position in shares of Unitil in the first quarter valued at about $25,000. Finally, Federated Hermes Inc. grew its stake in shares of Unitil by 54.3% in the first quarter. Federated Hermes Inc. now owns 1,922 shares of the utilities provider’s stock valued at $89,000 after acquiring an additional 676 shares in the last quarter. 75.44% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of Unitil from a “sell” rating to a “hold” rating in a research note on Saturday, September 11th.

Shares of Unitil stock opened at $46.09 on Tuesday. The company has a market capitalization of $735.92 million, a price-to-earnings ratio of 19.53, a PEG ratio of 3.06 and a beta of 0.56. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. Unitil Co. has a 12-month low of $32.80 and a 12-month high of $59.32. The firm’s 50-day moving average price is $50.37 and its two-hundred day moving average price is $51.59.

Unitil (NYSE:UTL) last announced its quarterly earnings data on Tuesday, August 3rd. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $96.60 million for the quarter, compared to analyst estimates of $83.00 million. Unitil had a return on equity of 9.03% and a net margin of 8.07%. On average, sell-side analysts expect that Unitil Co. will post 2.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 13th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.30%. Unitil’s payout ratio is 70.70%.

Unitil Profile

UNITIL Corp. operates as a holding company, which engages in power generation and distribution. It operates through the following segments: Gas, Electric, Non-Regulated and Other. The firm produces and sells electricity & natural gas. The company was founded on September 7, 1984 and is headquartered in Hampton, NH.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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