Algert Global LLC cut its stake in shares of Unitil Co. (NYSE:UTL - Free Report) by 61.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,767 shares of the utilities provider's stock after selling 13,754 shares during the quarter. Algert Global LLC owned about 0.05% of Unitil worth $531,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Unitil by 402.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,647 shares of the utilities provider's stock valued at $85,000 after acquiring an additional 1,319 shares during the last quarter. SG Americas Securities LLC acquired a new position in Unitil during the second quarter valued at $181,000. AQR Capital Management LLC purchased a new stake in Unitil in the second quarter valued at $208,000. BOKF NA acquired a new stake in Unitil during the 2nd quarter worth about $235,000. Finally, Inspire Advisors LLC purchased a new position in shares of Unitil during the 3rd quarter valued at about $292,000. 76.76% of the stock is owned by institutional investors and hedge funds.
Unitil Stock Performance
Shares of UTL traded up $0.25 during mid-day trading on Friday, reaching $60.02. The company had a trading volume of 32,993 shares, compared to its average volume of 70,079. The stock has a market capitalization of $971.72 million, a P/E ratio of 20.48 and a beta of 0.61. Unitil Co. has a 52-week low of $45.26 and a 52-week high of $63.52. The stock has a 50 day moving average of $59.04 and a two-hundred day moving average of $56.94. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 1.27.
Unitil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.425 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.70 annualized dividend and a yield of 2.83%. Unitil's dividend payout ratio is presently 58.02%.
Unitil Company Profile
(
Free Report)
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.
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