Unitil Co. (NYSE:UTL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in Unitil Co. (NYSE:UTL) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,956 shares of the utilities provider’s stock after selling 750 shares during the quarter. Yousif Capital Management LLC’s holdings in Unitil were worth $418,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in Unitil by 12.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 404,481 shares of the utilities provider’s stock valued at $17,275,000 after purchasing an additional 45,213 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Unitil by 5.2% in the fourth quarter. Boston Trust Walden Corp now owns 401,233 shares of the utilities provider’s stock valued at $21,093,000 after buying an additional 19,855 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Unitil by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 203,573 shares of the utilities provider’s stock worth $8,695,000 after buying an additional 9,646 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of Unitil by 22.9% in the 3rd quarter. Great Lakes Advisors LLC now owns 178,906 shares of the utilities provider’s stock worth $7,641,000 after buying an additional 33,334 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Unitil by 16.3% in the 3rd quarter. Invesco Ltd. now owns 148,193 shares of the utilities provider’s stock valued at $6,329,000 after acquiring an additional 20,764 shares during the last quarter. 76.76% of the stock is currently owned by hedge funds and other institutional investors.

Unitil Stock Performance

Shares of UTL opened at $53.29 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 1.04. The stock has a market cap of $861.17 million, a P/E ratio of 18.90 and a beta of 0.58. The company has a 50-day moving average of $51.01 and a two-hundred day moving average of $50.06. Unitil Co. has a 12-month low of $41.43 and a 12-month high of $58.11.

Unitil (NYSE:UTL) last announced its earnings results on Tuesday, February 13th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $129.60 million during the quarter, compared to analysts’ expectations of $151.00 million. Unitil had a net margin of 8.11% and a return on equity of 9.32%. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, research analysts predict that Unitil Co. will post 2.92 EPS for the current fiscal year.

Unitil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Wednesday, May 15th. Unitil’s payout ratio is currently 60.28%.

Unitil Company Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. 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 electricity and natural gas in the greater Fitchburg area of north central Massachusetts.