Centiva Capital LP Acquires Shares of 4,475 Unitil Co. (NYSE:UTL)

Centiva Capital LP acquired a new position in shares of Unitil Co. (NYSE:UTL) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,475 shares of the utilities provider’s stock, valued at approximately $271,000.

A number of other hedge funds have also recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Unitil by 3.3% during the second quarter. Creative Planning now owns 6,758 shares of the utilities provider’s stock valued at $350,000 after acquiring an additional 218 shares during the period. Victory Capital Management Inc. lifted its position in Unitil by 1.6% during the 2nd quarter. Victory Capital Management Inc. now owns 20,419 shares of the utilities provider’s stock valued at $1,058,000 after purchasing an additional 319 shares during the period. Meritage Portfolio Management boosted its stake in shares of Unitil by 9.1% in the 3rd quarter. Meritage Portfolio Management now owns 5,800 shares of the utilities provider’s stock valued at $351,000 after purchasing an additional 482 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Unitil by 1.7% in the 3rd quarter. Martingale Asset Management L P now owns 34,880 shares of the utilities provider’s stock valued at $2,113,000 after purchasing an additional 594 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its position in shares of Unitil by 10.0% during the 2nd quarter. 1620 Investment Advisors Inc. now owns 7,145 shares of the utilities provider’s stock worth $370,000 after buying an additional 648 shares during the period. 76.76% of the stock is currently owned by institutional investors.

Unitil Trading Down 0.3 %

Shares of NYSE UTL opened at $57.63 on Thursday. Unitil Co. has a fifty-two week low of $45.26 and a fifty-two week high of $63.52. The firm has a market capitalization of $932.97 million, a P/E ratio of 19.67 and a beta of 0.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.82. The company’s 50 day simple moving average is $58.81 and its 200 day simple moving average is $57.21.

Unitil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.95%. Unitil’s dividend payout ratio (DPR) is presently 58.02%.

Unitil 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.