Shares of UNITIL Corporation (NYSE:UTL) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price objective of $50.00 for the company and are predicting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given UNITIL Corporation an industry rank of 109 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of UNITIL Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price target on shares of UNITIL Corporation in a research report on Tuesday, August 15th.
UNITIL Corporation (NYSE UTL) traded up 1.21% on Monday, reaching $50.32. The company had a trading volume of 9,788 shares. UNITIL Corporation has a one year low of $37.31 and a one year high of $52.20. The company’s 50 day moving average is $49.97 and its 200-day moving average is $47.33. The firm has a market capitalization of $710.27 million, a price-to-earnings ratio of 24.18 and a beta of 0.21.
UNITIL Corporation (NYSE:UTL) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The business had revenue of $80.80 million for the quarter, compared to the consensus estimate of $78.10 million. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. During the same period in the prior year, the firm earned $0.18 EPS. On average, equities research analysts expect that UNITIL Corporation will post $2.00 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.44 annualized dividend and a dividend yield of 2.90%. UNITIL Corporation’s payout ratio is presently 68.90%.
Several large investors have recently made changes to their positions in the company. Martingale Asset Management L P boosted its stake in shares of UNITIL Corporation by 3.2% in the first quarter. Martingale Asset Management L P now owns 83,607 shares of the utilities provider’s stock valued at $3,765,000 after buying an additional 2,600 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of UNITIL Corporation during the first quarter valued at $437,000. Parametric Portfolio Associates LLC boosted its stake in shares of UNITIL Corporation by 19.2% in the first quarter. Parametric Portfolio Associates LLC now owns 102,911 shares of the utilities provider’s stock valued at $4,634,000 after buying an additional 16,605 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its stake in shares of UNITIL Corporation by 5.6% in the first quarter. Eagle Boston Investment Management Inc. now owns 94,508 shares of the utilities provider’s stock valued at $4,255,000 after buying an additional 5,049 shares during the last quarter. Finally, TFS Capital LLC acquired a new stake in shares of UNITIL Corporation during the first quarter valued at $348,000. 59.39% of the stock is owned by hedge funds and other institutional investors.
UNITIL Corporation Company Profile
Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of 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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