51,376 Shares in Unitil Co. (NYSE:UTL) Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new stake in Unitil Co. (NYSE:UTLGet Rating) in the 1st quarter, Holdings Channel reports. The firm acquired 51,376 shares of the utilities provider’s stock, valued at approximately $2,563,000.

A number of other large investors have also recently made changes to their positions in UTL. Maryland State Retirement & Pension System grew its holdings in Unitil by 4.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,284 shares of the utilities provider’s stock worth $289,000 after acquiring an additional 284 shares in the last quarter. Victory Capital Management Inc. raised its stake in Unitil by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 152,462 shares of the utilities provider’s stock valued at $7,012,000 after buying an additional 9,595 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in Unitil during the 4th quarter worth about $672,000. Raymond James & Associates boosted its position in shares of Unitil by 2.7% during the 4th quarter. Raymond James & Associates now owns 13,502 shares of the utilities provider’s stock worth $621,000 after acquiring an additional 359 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Unitil by 5.1% in the 4th quarter. Swiss National Bank now owns 34,800 shares of the utilities provider’s stock valued at $1,600,000 after acquiring an additional 1,700 shares during the last quarter. 72.66% of the stock is currently owned by hedge funds and other institutional investors.

Unitil Trading Down 0.8 %

NYSE:UTL opened at $54.77 on Monday. The company has a market capitalization of $878.02 million, a PE ratio of 22.26, a P/E/G ratio of 3.13 and a beta of 0.45. Unitil Co. has a 52-week low of $40.53 and a 52-week high of $61.10. The stock’s 50 day moving average price is $56.44 and its 200 day moving average price is $52.59. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.07.

Unitil (NYSE:UTLGet Rating) last announced its earnings results on Tuesday, May 3rd. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.35. Unitil had a net margin of 7.34% and a return on equity of 8.83%. The business had revenue of $192.60 million for the quarter, compared to analyst estimates of $160.00 million. During the same period last year, the firm posted $1.26 earnings per share. On average, research analysts anticipate that Unitil Co. will post 2.54 EPS for the current year.

Unitil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, August 11th. Unitil’s dividend payout ratio is currently 63.41%.

Analysts Set New Price Targets

UTL has been the subject of a number of research analyst reports. StockNews.com downgraded Unitil from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Bank of America downgraded shares of Unitil from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $53.00 to $50.00 in a research report on Friday, July 22nd.

Unitil Company Profile

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Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Electric Operations, Utility Gas 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 and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as the greater Fitchburg area of north central Massachusetts.

See Also

Want to see what other hedge funds are holding UTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unitil Co. (NYSE:UTLGet Rating).

Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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