Shares of Unitil Co. (NYSE:UTL - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $56.62 and traded as high as $58.83. Unitil shares last traded at $58.75, with a volume of 49,847 shares changing hands.
Unitil Stock Up 0.3 %
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 $953.53 million, a PE ratio of 20.09 and a beta of 0.61. The stock has a 50-day moving average of $59.20 and a 200 day moving average of $56.62.
Unitil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, November 14th. Unitil's dividend payout ratio (DPR) is presently 58.02%.
Institutional Investors Weigh In On Unitil
Several hedge funds have recently added to or reduced their stakes in UTL. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Unitil during the 3rd quarter worth approximately $5,827,000. Aurora Investment Counsel bought a new position in Unitil in the 1st quarter valued at approximately $2,346,000. State Street Corp lifted its position in Unitil by 6.1% in the 3rd quarter. State Street Corp now owns 723,587 shares of the utilities provider's stock valued at $43,835,000 after acquiring an additional 41,511 shares in the last quarter. 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 valued at $1,884,000 after buying an additional 23,200 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Unitil by 474.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,975 shares of the utilities provider's stock valued at $1,695,000 after buying an additional 23,105 shares during the period. Institutional investors own 76.76% of the company's stock.
Unitil Company Profile
(
Get 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.
Further Reading
Before you consider Unitil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unitil wasn't on the list.
While Unitil currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
