Martingale Asset Management L P boosted its stake in shares of Unitil Co. (NYSE:UTL) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,608 shares of the utilities provider’s stock after buying an additional 600 shares during the quarter. Martingale Asset Management L P owned approximately 0.49% of Unitil worth $3,696,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in Unitil during the second quarter worth about $164,000. US Bancorp DE boosted its position in Unitil by 103.8% during the second quarter. US Bancorp DE now owns 4,433 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 2,258 shares during the period. Engineers Gate Manager LP bought a new position in Unitil during the third quarter worth about $226,000. Campbell & CO Investment Adviser LLC bought a new position in Unitil during the third quarter worth about $270,000. Finally, Advisors Asset Management Inc. boosted its position in Unitil by 6.5% during the second quarter. Advisors Asset Management Inc. now owns 17,333 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 1,053 shares during the period. Institutional investors own 65.16% of the company’s stock.
A number of brokerages have weighed in on UTL. ValuEngine upgraded shares of Unitil from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Zacks Investment Research lowered shares of Unitil from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th.
Shares of Unitil stock opened at $48.57 on Friday. Unitil Co. has a 12-month low of $40.92 and a 12-month high of $53.07. The stock has a market capitalization of $723.87 million, a PE ratio of 23.58, a PEG ratio of 5.82 and a beta of 0.08. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.
Unitil (NYSE:UTL) last announced its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. Unitil had a net margin of 7.65% and a return on equity of 9.65%. The firm had revenue of $88.20 million for the quarter, compared to the consensus estimate of $86.90 million. On average, analysts anticipate that Unitil Co. will post 2.21 earnings per share for the current year.
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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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