SeaCrest Wealth Management LLC Buys New Stake in Unitil Co. (NYSE:UTL)

SeaCrest Wealth Management LLC bought a new stake in Unitil Co. (NYSE:UTLGet Rating) during the 2nd quarter, HoldingsChannel reports. The fund bought 467 shares of the utilities provider’s stock, valued at approximately $27,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Unitil by 4.4% during the 1st quarter. State Street Corp now owns 602,228 shares of the utilities provider’s stock valued at $30,039,000 after purchasing an additional 25,323 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Unitil by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 419,309 shares of the utilities provider’s stock valued at $20,916,000 after purchasing an additional 1,900 shares during the period. Boston Trust Walden Corp increased its position in shares of Unitil by 1.0% during the 2nd quarter. Boston Trust Walden Corp now owns 340,757 shares of the utilities provider’s stock valued at $20,009,000 after purchasing an additional 3,324 shares during the period. Victory Capital Management Inc. increased its position in shares of Unitil by 4.4% during the 2nd quarter. Victory Capital Management Inc. now owns 288,891 shares of the utilities provider’s stock valued at $16,964,000 after purchasing an additional 12,060 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Unitil by 1.2% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 283,260 shares of the utilities provider’s stock worth $16,633,000 after acquiring an additional 3,226 shares in the last quarter. 77.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Unitil Stock Performance

UTL opened at $52.40 on Thursday. The firm has a market cap of $840.50 million, a PE ratio of 20.08, a P/E/G 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 business has a fifty day simple moving average of $49.94 and a 200-day simple moving average of $53.50. Unitil Co. has a fifty-two week low of $40.53 and a fifty-two week high of $61.10.

Unitil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, November 10th. Unitil’s dividend payout ratio is presently 59.77%.

Unitil 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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