Charles Schwab Investment Management Inc. Cuts Stock Position in Unitil Co. (NYSE:UTL)

Charles Schwab Investment Management Inc. decreased its position in Unitil Co. (NYSE:UTL - Free Report) by 8.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 189,331 shares of the utilities provider's stock after selling 17,348 shares during the period. Charles Schwab Investment Management Inc. owned 1.17% of Unitil worth $11,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of Unitil by 3.3% in the 2nd quarter. Creative Planning now owns 6,758 shares of the utilities provider's stock worth $350,000 after buying an additional 218 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Unitil by 1.6% in the second quarter. Victory Capital Management Inc. now owns 20,419 shares of the utilities provider's stock valued at $1,058,000 after acquiring an additional 319 shares in the last quarter. Meritage Portfolio Management lifted its stake in Unitil by 9.1% in the third quarter. Meritage Portfolio Management now owns 5,800 shares of the utilities provider's stock worth $351,000 after acquiring an additional 482 shares during the period. 1620 Investment Advisors Inc. grew its holdings in Unitil by 10.0% during the 2nd quarter. 1620 Investment Advisors Inc. now owns 7,145 shares of the utilities provider's stock worth $370,000 after acquiring an additional 648 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Unitil by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,289 shares of the utilities provider's stock valued at $539,000 after purchasing an additional 669 shares during the period. Institutional investors own 76.76% of the company's stock.

Unitil Stock Up 1.0 %

Shares of NYSE:UTL traded up $0.55 during trading hours on Tuesday, hitting $58.19. The company's stock had a trading volume of 27,543 shares, compared to its average volume of 57,393. The firm's fifty day moving average price is $58.90 and its 200 day moving average price is $57.17. Unitil Co. has a 52 week low of $45.26 and a 52 week high of $63.52. The company has a market capitalization of $942.10 million, a price-to-earnings ratio of 19.71 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, November 14th. Unitil's dividend payout ratio (DPR) is 58.02%.

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.