Barclays PLC raised its holdings in Unitil Co. (NYSE:UTL - Free Report) by 139.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,834 shares of the utilities provider's stock after purchasing an additional 19,134 shares during the quarter. Barclays PLC owned 0.20% of Unitil worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of Unitil by 204.2% during the 3rd quarter. Jane Street Group LLC now owns 32,257 shares of the utilities provider's stock worth $1,954,000 after purchasing an additional 21,652 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Unitil in the third quarter valued at about $1,400,000. State Street Corp boosted its holdings in Unitil by 6.1% during the third quarter. State Street Corp now owns 723,587 shares of the utilities provider's stock worth $43,835,000 after buying an additional 41,511 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in Unitil in the third quarter valued at about $137,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Unitil in the third quarter valued at about $5,827,000. Institutional investors and hedge funds own 76.76% of the company's stock.
Unitil Price Performance
Shares of NYSE:UTL traded down $0.72 during trading on Friday, hitting $53.77. 47,783 shares of the stock were exchanged, compared to its average volume of 58,530. Unitil Co. has a 12-month low of $45.26 and a 12-month high of $63.52. The company has a market cap of $870.48 million, a PE ratio of 18.35 and a beta of 0.62. The company has a fifty day moving average price of $57.98 and a two-hundred day moving average price of $57.41. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27.
Unitil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, November 14th. Unitil's dividend payout ratio (DPR) is 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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