UNITIL (NYSE:UTL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, February 10th.
According to Zacks, “Unitil Corporation is a registered public utility holding company and the parent company of the Unitil System. “
Several other research analysts also recently commented on UTL. Royal Bank of Canada restated a “hold” rating and issued a $47.00 target price on shares of UNITIL in a research note on Wednesday, October 18th. Janney Montgomery Scott upgraded UNITIL to a “buy” rating and set a $50.00 target price for the company in a research note on Monday, January 1st. Finally, Bank of America began coverage on UNITIL in a research note on Monday, December 18th. They issued a “neutral” rating and a $49.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.00.
UNITIL (UTL) opened at $43.55 on Friday. UNITIL has a 12 month low of $40.92 and a 12 month high of $52.84. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 1.00. The firm has a market capitalization of $645.28, a price-to-earnings ratio of 21.14 and a beta of 0.13.
UNITIL (NYSE:UTL) last issued its earnings results on Thursday, February 1st. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. UNITIL had a return on equity of 9.38% and a net margin of 7.14%. The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $107.40 million. During the same quarter last year, the company earned $0.73 EPS. research analysts forecast that UNITIL will post 2.14 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of UNITIL in the 3rd quarter valued at about $132,000. Magnetar Financial LLC purchased a new stake in shares of UNITIL in the 3rd quarter valued at about $204,000. Neuberger Berman Group LLC purchased a new stake in shares of UNITIL in the 3rd quarter valued at about $204,000. Teacher Retirement System of Texas purchased a new stake in shares of UNITIL in the 4th quarter valued at about $220,000. Finally, Thrivent Financial For Lutherans purchased a new stake in shares of UNITIL in the 2nd quarter valued at about $254,000. 58.66% of the stock is currently owned by hedge funds and other institutional investors.
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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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