8,325 Shares in Unitil Co. (NYSE:UTL) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Unitil Co. (NYSE:UTL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,325 shares of the utilities provider's stock, valued at approximately $451,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Unitil as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Unitil by 22.4% in the 4th quarter. Wells Fargo & Company MN now owns 12,338 shares of the utilities provider's stock worth $669,000 after buying an additional 2,256 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in Unitil during the fourth quarter worth about $441,000. Geode Capital Management LLC lifted its stake in Unitil by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 382,883 shares of the utilities provider's stock worth $20,754,000 after purchasing an additional 1,225 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Unitil by 32.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,374 shares of the utilities provider's stock worth $291,000 after purchasing an additional 1,304 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of Unitil by 7.1% during the 4th quarter. WINTON GROUP Ltd now owns 19,148 shares of the utilities provider's stock valued at $1,038,000 after purchasing an additional 1,277 shares during the last quarter. Hedge funds and other institutional investors own 76.76% of the company's stock.

Analysts Set New Price Targets

Separately, Guggenheim reiterated a "neutral" rating and set a $55.00 price target on shares of Unitil in a research report on Wednesday, February 12th.

Unitil Trading Up 1.7 %

Unitil stock traded up $0.99 during mid-day trading on Monday, hitting $57.69. The company's stock had a trading volume of 3,023 shares, compared to its average volume of 61,243. The business has a 50 day moving average price of $56.16 and a 200-day moving average price of $56.56. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.83 and a quick ratio of 0.76. Unitil Co. has a 12 month low of $47.40 and a 12 month high of $63.52. The stock has a market cap of $937.23 million, a price-to-earnings ratio of 19.69 and a beta of 0.58.

Unitil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 13th. This is a boost from Unitil's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.12%. Unitil's dividend payout ratio is currently 61.43%.

About Unitil

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.