Jane Street Group LLC Purchases 21,652 Shares of Unitil Co. (NYSE:UTL)

Jane Street Group LLC lifted its holdings in shares of Unitil Co. (NYSE:UTL - Free Report) by 204.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,257 shares of the utilities provider's stock after purchasing an additional 21,652 shares during the quarter. Jane Street Group LLC owned 0.20% of Unitil worth $1,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC bought a new stake in Unitil during the third quarter worth about $5,827,000. State Street Corp lifted its holdings in shares of Unitil by 6.1% during the 3rd quarter. State Street Corp now owns 723,587 shares of the utilities provider's stock worth $43,835,000 after acquiring an additional 41,511 shares during the period. Riverwater Partners LLC lifted its holdings in shares of Unitil by 276.9% during the 3rd quarter. Riverwater Partners LLC now owns 31,577 shares of the utilities provider's stock worth $1,884,000 after acquiring an additional 23,200 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Unitil during the 3rd quarter worth approximately $1,400,000. Finally, The Manufacturers Life Insurance Company increased its stake in Unitil by 3.9% in the third quarter. The Manufacturers Life Insurance Company now owns 511,814 shares of the utilities provider's stock valued at $31,006,000 after acquiring an additional 19,341 shares during the last quarter. 76.76% of the stock is currently owned by institutional investors and hedge funds.

Unitil Price Performance

UTL traded up $0.33 during trading on Wednesday, hitting $54.11. 28,368 shares of the stock traded hands, compared to its average volume of 58,660. The business has a 50 day moving average price of $58.09 and a 200 day moving average price of $57.43. The company has a market cap of $875.99 million, a price-to-earnings ratio of 18.47 and a beta of 0.62. Unitil Co. has a twelve month low of $45.26 and a twelve month high of $63.52. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.82.

Unitil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.425 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.14%. Unitil's dividend payout ratio (DPR) is currently 58.02%.

Unitil Company 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.