Unitil Co. (NYSE:UTL) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in shares of Unitil Co. (NYSE:UTL - Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 511,814 shares of the utilities provider's stock after buying an additional 19,341 shares during the period. The Manufacturers Life Insurance Company owned approximately 3.16% of Unitil worth $31,006,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased 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 acquiring an additional 1,319 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Unitil during the 2nd quarter worth approximately $181,000. AQR Capital Management LLC purchased a new position in Unitil in the second quarter valued at approximately $208,000. BOKF NA purchased a new position in Unitil in the second quarter valued at approximately $235,000. Finally, Inspire Advisors LLC acquired a new position in Unitil during the third quarter valued at approximately $292,000. 76.76% of the stock is owned by hedge funds and other institutional investors.

Unitil Trading Up 0.4 %

Shares of Unitil stock traded up $0.25 during trading hours on Friday, hitting $60.02. The company's stock had a trading volume of 32,993 shares, compared to its average volume of 57,773. The business has a fifty day moving average of $59.04 and a 200 day moving average of $56.92. Unitil Co. has a 1-year low of $45.26 and a 1-year high of $63.52. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $971.66 million, a PE ratio of 20.48 and a beta of 0.61.

Unitil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.83%. The ex-dividend date was Thursday, November 14th. Unitil's dividend payout ratio (DPR) is presently 58.02%.

Unitil 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.