Cerity Partners LLC Invests $398,000 in Unitil Co. (NYSE:UTL)

Cerity Partners LLC acquired a new position in shares of Unitil Co. (NYSE:UTLGet Rating) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 6,778 shares of the utilities provider’s stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of Unitil by 0.5% during the first quarter. Rhumbline Advisers now owns 44,578 shares of the utilities provider’s stock worth $2,224,000 after buying an additional 229 shares in the last quarter. First Manhattan Co. grew its position in shares of Unitil by 0.4% during the first quarter. First Manhattan Co. now owns 65,689 shares of the utilities provider’s stock worth $3,276,000 after buying an additional 250 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Unitil by 2.3% during the second quarter. Texas Permanent School Fund now owns 11,587 shares of the utilities provider’s stock worth $680,000 after buying an additional 259 shares in the last quarter. Bank of Montreal Can grew its position in shares of Unitil by 2.6% during the first quarter. Bank of Montreal Can now owns 11,347 shares of the utilities provider’s stock worth $579,000 after buying an additional 292 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Unitil by 3.0% during the first quarter. Advisors Asset Management Inc. now owns 13,451 shares of the utilities provider’s stock worth $671,000 after buying an additional 396 shares in the last quarter. 77.35% of the stock is owned by institutional investors and hedge funds.

Unitil Stock Performance

Shares of UTL opened at $52.68 on Friday. The stock has a 50 day moving average price of $49.86 and a 200 day moving average price of $53.49. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $844.99 million, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. Unitil Co. has a 52-week low of $40.53 and a 52-week high of $61.10.

Unitil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, November 10th. Unitil’s dividend payout ratio (DPR) is 59.77%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Unitil from a “buy” rating to a “hold” rating in a report on Wednesday, November 9th.

Unitil Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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