Zacks Investment Research upgraded shares of UNITIL (NYSE:UTL) from a sell rating to a hold rating in a report published on Saturday morning.
According to Zacks, “Unitil Corporation is a registered public utility holding company and the parent company of the Unitil System. “
A number of other research analysts have also recently commented on the stock. Janney Montgomery Scott upgraded shares of UNITIL to a buy rating and set a $50.00 price target for the company in a research note on Monday, January 1st. Bank of America began coverage on shares of UNITIL in a research note on Monday, December 18th. They issued a neutral rating and a $49.00 target price for the company. Finally, Royal Bank of Canada reiterated a hold rating and issued a $47.00 target price on shares of UNITIL in a research note on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. UNITIL presently has an average rating of Hold and an average price target of $51.00.
UNITIL (UTL) opened at $43.41 on Friday. The company has a market cap of $639.20, a PE ratio of 21.07 and a beta of 0.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 1.00. UNITIL has a one year low of $40.92 and a one year high of $52.84.
UNITIL (NYSE:UTL) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. The firm had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $107.40 million. UNITIL had a net margin of 7.14% and a return on equity of 9.38%. During the same quarter last year, the company earned $0.73 earnings per share. equities analysts expect that UNITIL will post 2.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.36%. This is a boost from UNITIL’s previous quarterly dividend of $0.36. UNITIL’s payout ratio is 69.90%.
Several large investors have recently bought and sold shares of UTL. SG Americas Securities LLC bought a new position in shares of UNITIL in the third quarter valued at approximately $132,000. Magnetar Financial LLC bought a new position in shares of UNITIL in the third quarter valued at approximately $204,000. Neuberger Berman Group LLC bought a new position in shares of UNITIL in the third quarter valued at approximately $204,000. Teacher Retirement System of Texas bought a new position in shares of UNITIL in the fourth quarter valued at approximately $220,000. Finally, Thrivent Financial For Lutherans bought a new position in shares of UNITIL in the second quarter valued at approximately $254,000. Institutional investors own 57.60% of the company’s stock.
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UNITIL 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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