SG Americas Securities LLC Invests $102,000 in Unitil Co. (NYSE:UTL)

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SG Americas Securities LLC purchased a new position in shares of Unitil Co. (NYSE:UTL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,613 shares of the utilities provider’s stock, valued at approximately $102,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of Unitil during the 3rd quarter worth about $25,000. Quantamental Technologies LLC boosted its stake in shares of Unitil by 75.0% during the 2nd quarter. Quantamental Technologies LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 300 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Unitil during the 2nd quarter worth about $65,000. New York State Teachers Retirement System bought a new stake in shares of Unitil during the 2nd quarter worth about $78,000. Finally, Menta Capital LLC bought a new stake in shares of Unitil during the 2nd quarter worth about $201,000. Institutional investors own 68.34% of the company’s stock.

Several analysts have recently issued reports on UTL shares. ValuEngine downgraded Unitil from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Zacks Investment Research upgraded Unitil from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th.

Shares of NYSE:UTL opened at $60.61 on Tuesday. The business has a 50 day moving average price of $61.26 and a 200 day moving average price of $60.16. Unitil Co. has a twelve month low of $47.05 and a twelve month high of $64.53. The company has a market cap of $911.10 million, a price-to-earnings ratio of 27.18, a PEG ratio of 6.03 and a beta of 0.04. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.11.

Unitil (NYSE:UTL) last announced its earnings results on Thursday, October 24th. The utilities provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Unitil had a return on equity of 9.27% and a net margin of 9.79%. The firm had revenue of $85.30 million during the quarter, compared to the consensus estimate of $87.00 million. Analysts anticipate that Unitil Co. will post 2.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.48 annualized dividend and a yield of 2.44%. Unitil’s payout ratio is 66.37%.

About Unitil

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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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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