Swiss National Bank Buys 900 Shares of Unitil Co. (NYSE:UTL)

Swiss National Bank raised its holdings in Unitil Co. (NYSE:UTL – Get Rating) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,700 shares of the utilities provider’s stock after buying an additional 900 shares during the period. Swiss National Bank owned about 0.24% of Unitil worth $1,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UTL. Millennium Management LLC grew its position in shares of Unitil by 338.0% in the second quarter. Millennium Management LLC now owns 142,015 shares of the utilities provider’s stock valued at $8,339,000 after purchasing an additional 109,588 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Unitil during the third quarter worth approximately $3,342,000. Vanguard Group Inc. grew its position in Unitil by 4.3% during the third quarter. Vanguard Group Inc. now owns 1,224,631 shares of the utilities provider’s stock worth $56,885,000 after buying an additional 50,451 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Unitil during the fourth quarter worth approximately $2,420,000. Finally, Sei Investments Co. grew its position in Unitil by 43.7% during the second quarter. Sei Investments Co. now owns 126,689 shares of the utilities provider’s stock worth $7,439,000 after buying an additional 38,540 shares in the last quarter. Institutional investors own 74.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com assumed coverage on Unitil in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Royal Bank of Canada upped their target price on Unitil from $55.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Friday, February 17th.

Unitil Stock Down 1.1 %

NYSE UTL opened at $53.67 on Friday. The business has a fifty day moving average price of $56.81 and a two-hundred day moving average price of $54.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.78 and a quick ratio of 0.73. Unitil Co. has a fifty-two week low of $44.67 and a fifty-two week high of $61.10. The stock has a market capitalization of $863.55 million, a PE ratio of 19.52, a PEG ratio of 2.82 and a beta of 0.52.

Unitil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 16th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Monday, May 15th. Unitil’s payout ratio is 58.91%.

Unitil Company Profile

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UNITIL Corp. operates as a holding company, which engages in the local distribution of electricity and natural gas. It operates through the following segments: Electric, Gas, and Others. The company was founded in 1984 and is headquartered in Hampton, NH.