Geode Capital Management LLC raised its position in Unitil Co. (NYSE:UTL - Free Report) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 381,658 shares of the utilities provider's stock after purchasing an additional 11,324 shares during the quarter. Geode Capital Management LLC owned about 2.36% of Unitil worth $23,126,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in UTL. Allspring Global Investments Holdings LLC boosted its stake in Unitil by 402.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,647 shares of the utilities provider's stock worth $85,000 after buying an additional 1,319 shares during the period. Millburn Ridgefield Corp acquired a new stake in Unitil in the 3rd quarter valued at approximately $137,000. AQR Capital Management LLC purchased a new stake in Unitil in the second quarter valued at approximately $208,000. BOKF NA purchased a new stake in Unitil in the second quarter valued at approximately $235,000. Finally, Panagora Asset Management Inc. lifted its stake in Unitil by 25.1% during the second quarter. Panagora Asset Management Inc. now owns 5,064 shares of the utilities provider's stock worth $262,000 after purchasing an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 76.76% of the company's stock.
Unitil Trading Down 1.3 %
Shares of NYSE UTL traded down $0.72 during trading on Friday, reaching $53.77. The stock had a trading volume of 47,783 shares, compared to its average volume of 58,530. The business's 50-day moving average price is $57.86 and its 200-day moving average price is $57.44. Unitil Co. has a fifty-two week low of $45.26 and a fifty-two week high of $63.52. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.91. The company has a market cap of $870.48 million, a P/E ratio of 18.35 and a beta of 0.62.
Unitil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, November 14th. Unitil's payout ratio is 58.02%.
About Unitil
(
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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