Teachers Retirement System of The State of Kentucky lifted its position in shares of Unitil Co. (NYSE:UTL - Free Report) by 474.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,975 shares of the utilities provider's stock after purchasing an additional 23,105 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.17% of Unitil worth $1,695,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position 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 worth $85,000 after purchasing an additional 1,319 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in Unitil in the third quarter worth $137,000. SG Americas Securities LLC purchased a new stake in shares of Unitil in the second quarter worth $181,000. AQR Capital Management LLC bought a new position in shares of Unitil during the second quarter valued at $208,000. Finally, BOKF NA purchased a new position in shares of Unitil in the 2nd quarter worth about $235,000. 76.76% of the stock is owned by hedge funds and other institutional investors.
Unitil Stock Down 3.3 %
Unitil stock traded down $1.83 during mid-day trading on Wednesday, reaching $54.11. The stock had a trading volume of 68,890 shares, compared to its average volume of 57,656. The company has a market capitalization of $875.99 million, a price-to-earnings ratio of 18.47 and a beta of 0.62. 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 Co. has a one year low of $45.26 and a one year high of $63.52. The company has a 50-day moving average price of $58.64 and a two-hundred day moving average price of $57.39.
Unitil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date 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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