State Board of Administration of Florida Retirement System acquired a new position in Unitil Co. (NYSE:UTL – Get Rating) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 3,417 shares of the utilities provider’s stock, valued at approximately $201,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Monarch Partners Asset Management LLC raised its stake in Unitil by 3.5% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 93,411 shares of the utilities provider’s stock worth $5,485,000 after purchasing an additional 3,199 shares in the last quarter. LS Investment Advisors LLC acquired a new position in shares of Unitil in the 2nd quarter valued at approximately $73,000. Frontier Capital Management Co. LLC raised its position in shares of Unitil by 1.2% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 283,260 shares of the utilities provider’s stock valued at $16,633,000 after buying an additional 3,226 shares in the last quarter. KBC Group NV acquired a new position in shares of Unitil in the 2nd quarter valued at approximately $78,000. Finally, Arizona State Retirement System acquired a new position in shares of Unitil in the 1st quarter valued at approximately $215,000. Institutional investors and hedge funds own 77.35% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Unitil from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th.
Unitil Price Performance
Unitil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, November 10th. Unitil’s dividend payout ratio is 59.77%.
Unitil Company Profile
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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