Unitil Corp. (NYSE:UTL) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokers have set a 12-month consensus price objective of $44.00 for the company and are anticipating that the company will post $0.72 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Unitil Corp. an industry rank of 85 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Unitil Corp. from a “hold” rating to a “strong-buy” rating and set a $46.00 target price for the company in a research note on Wednesday, October 26th.
A number of hedge funds have recently added to or reduced their stakes in UTL. Horizon Investment Services LLC raised its stake in Unitil Corp. by 6.1% in the third quarter. Horizon Investment Services LLC now owns 17,779 shares of the company’s stock valued at $694,000 after buying an additional 1,019 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Unitil Corp. during the third quarter valued at $2,685,000. Two Sigma Advisers LP raised its stake in Unitil Corp. by 33.3% in the third quarter. Two Sigma Advisers LP now owns 18,809 shares of the company’s stock valued at $735,000 after buying an additional 4,700 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Unitil Corp. during the third quarter valued at $397,000. Finally, Morgan Stanley raised its stake in Unitil Corp. by 1.3% in the third quarter. Morgan Stanley now owns 29,645 shares of the company’s stock valued at $1,158,000 after buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.
Shares of Unitil Corp. (NYSE:UTL) traded up 1.307% during mid-day trading on Friday, hitting $43.805. 9,550 shares of the company traded hands. The firm has a 50-day moving average price of $40.16 and a 200 day moving average price of $40.80. The firm has a market cap of $615.90 million, a price-to-earnings ratio of 23.375 and a beta of 0.11. Unitil Corp. has a 52-week low of $33.75 and a 52-week high of $45.16.
Unitil Corp. (NYSE:UTL) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.11. Unitil Corp. had a net margin of 6.89% and a return on equity of 9.13%. During the same period last year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Unitil Corp. will post $1.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.42 annualized dividend and a yield of 3.28%. Unitil Corp.’s payout ratio is 75.53%.
Unitil Corp. Company Profile
Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the local distribution of electricity and natural gas to customers throughout its service territories in the states of New Hampshire, Massachusetts and Maine. It operates through three segments: utility gas operations, utility electric operations and non-regulated.