Millburn Ridgefield Corp Acquires Shares of 2,267 Unitil Co. (NYSE:UTL)

Millburn Ridgefield Corp bought a new position in Unitil Co. (NYSE:UTL) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,267 shares of the utilities provider’s stock, valued at approximately $137,000.

Other institutional investors have also modified their holdings of the company. Wedge Capital Management L L P NC increased its holdings in Unitil by 66.0% in the second quarter. Wedge Capital Management L L P NC now owns 38,616 shares of the utilities provider’s stock valued at $2,000,000 after buying an additional 15,355 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Unitil by 109.6% in the third quarter. SG Americas Securities LLC now owns 7,316 shares of the utilities provider’s stock worth $443,000 after purchasing an additional 3,825 shares during the period. Anchor Capital Advisors LLC increased its stake in Unitil by 21.1% during the second quarter. Anchor Capital Advisors LLC now owns 31,009 shares of the utilities provider’s stock valued at $1,606,000 after purchasing an additional 5,394 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Unitil during the third quarter worth $725,000. Finally, Creative Planning lifted its position in shares of Unitil by 5.9% in the 3rd quarter. Creative Planning now owns 7,155 shares of the utilities provider’s stock worth $433,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 76.76% of the company’s stock.

Unitil Trading Down 1.4 %

NYSE UTL opened at $59.08 on Wednesday. The firm has a market capitalization of $956.51 million, a PE ratio of 20.16 and a beta of 0.62. Unitil Co. has a one year low of $45.26 and a one year high of $63.52. The company has a 50-day simple moving average of $59.01 and a 200-day simple moving average of $57.03. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.91.

Unitil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, November 14th. Unitil’s payout ratio is 58.02%.

Unitil Company 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.