Pictet Asset Management SA Makes New Investment in Unitil Co. (NYSE:UTL)

Pictet Asset Management SA bought a new stake in shares of Unitil Co. (NYSE:UTLGet Rating) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,615 shares of the utilities provider’s stock, valued at approximately $1,504,000.

Other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new position in shares of Unitil during the second quarter valued at approximately $27,000. Lazard Asset Management LLC purchased a new position in shares of Unitil during the second quarter valued at approximately $48,000. LS Investment Advisors LLC purchased a new position in shares of Unitil during the second quarter valued at approximately $73,000. KBC Group NV purchased a new position in shares of Unitil during the second quarter valued at approximately $78,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Unitil by 75.9% during the first quarter. Captrust Financial Advisors now owns 1,384 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 597 shares during the last quarter. 77.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Unitil Price Performance

Shares of UTL opened at $52.82 on Wednesday. The company has a market capitalization of $847.23 million, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. 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 firm has a 50 day moving average of $49.91 and a 200 day moving average of $53.51. Unitil Co. has a twelve month low of $40.53 and a twelve month high of $61.10.

Unitil Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, November 10th. Unitil’s dividend payout ratio (DPR) is currently 59.77%.

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.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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