Unitil Co. (NYSE:UTL) has been assigned a consensus broker rating score of 3.50 (Sell) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation and one has issued a hold recommendation on the company. Unitil’s rating score has declined by 40% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1-year consensus price target of $58.50 for the company and are anticipating that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given Unitil an industry rank of 93 out of 256 based on the ratings given to its competitors.
A number of research analysts have recently issued reports on the company. Janney Montgomery Scott downgraded Unitil from a “buy” rating to a “neutral” rating and set a $59.79 price target on the stock. in a report on Friday, June 28th. Zacks Investment Research upgraded shares of IQE from a “sell” rating to a “hold” rating in a report on Thursday, April 4th.
In other Unitil news, VP Todd R. Black sold 500 shares of Unitil stock in a transaction on Friday, May 17th. The stock was sold at an average price of $57.05, for a total transaction of $28,525.00. Following the completion of the sale, the vice president now directly owns 26,440 shares of the company’s stock, valued at approximately $1,508,402. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.39% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Legal & General Group Plc lifted its position in Unitil by 9.9% in the 4th quarter. Legal & General Group Plc now owns 2,596 shares of the utilities provider’s stock worth $132,000 after buying an additional 234 shares in the last quarter. First Manhattan Co. increased its holdings in Unitil by 0.3% in the 1st quarter. First Manhattan Co. now owns 84,539 shares of the utilities provider’s stock worth $4,579,000 after acquiring an additional 250 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Unitil by 33.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,270 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 321 shares during the last quarter. Boston Partners increased its holdings in Unitil by 2.4% in the 1st quarter. Boston Partners now owns 21,000 shares of the utilities provider’s stock worth $1,138,000 after acquiring an additional 500 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Unitil by 16.0% in the 4th quarter. Citigroup Inc. now owns 4,943 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 681 shares during the last quarter. 66.99% of the stock is owned by institutional investors and hedge funds.
Unitil stock traded down $0.23 during trading on Thursday, reaching $59.02. 2,521 shares of the company’s stock were exchanged, compared to its average volume of 53,222. Unitil has a 52-week low of $46.21 and a 52-week high of $61.85. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market cap of $889.32 million, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 6.53 and a beta of 0.13. The business’s 50-day simple moving average is $59.19.
Unitil (NYSE:UTL) last posted its earnings results on Thursday, April 25th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.23). Unitil had a net margin of 9.75% and a return on equity of 9.63%. The business had revenue of $152.10 million for the quarter, compared to analysts’ expectations of $147.60 million. As a group, research analysts anticipate that Unitil will post 2.3 EPS for the current fiscal year.
Unitil Company Profile
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. 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, portions of southern Maine to the Lewiston-Auburn area, and in the greater Fitchburg area of north central Massachusetts.
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