3,417 Shares in Unitil Co. (NYSE:UTL) Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System acquired a new position in Unitil Co. (NYSE:UTLGet 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

Shares of NYSE:UTL opened at $52.82 on Wednesday. The firm has a 50 day moving average of $49.91 and a 200-day moving average of $53.51. The stock has a market capitalization of $847.23 million, a PE ratio of 20.24, a PEG ratio of 2.88 and a beta of 0.48. Unitil Co. has a 12 month low of $40.53 and a 12 month high of $61.10. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

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

(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.

Read More

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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