Allianz Asset Management GmbH Purchases New Stake in UNITIL Corporation (UTL)

Allianz Asset Management GmbH purchased a new position in shares of UNITIL Corporation (NYSE:UTL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,944 shares of the utilities provider’s stock, valued at approximately $343,000.

Other large investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of UNITIL by 293.5% in the second quarter. BNP Paribas Arbitrage SA now owns 2,349 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 1,752 shares during the period. SG Americas Securities LLC purchased a new stake in shares of UNITIL in the third quarter valued at $132,000. Thrivent Financial For Lutherans purchased a new stake in shares of UNITIL in the second quarter valued at $254,000. Schroder Investment Management Group boosted its holdings in UNITIL by 23.2% in the second quarter. Schroder Investment Management Group now owns 6,048 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in UNITIL by 202.8% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 7,615 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 5,100 shares during the last quarter. 58.18% of the stock is owned by institutional investors and hedge funds.

UTL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded UNITIL from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Royal Bank of Canada reiterated a “hold” rating and issued a $47.00 target price on shares of UNITIL in a report on Monday, September 18th. Bank of America initiated coverage on UNITIL in a report on Monday, December 18th. They issued a “neutral” rating and a $49.00 target price on the stock. Finally, Janney Montgomery Scott upgraded UNITIL from a “neutral” rating to a “buy” rating and reduced their target price for the company from $52.00 to $50.00 in a report on Tuesday, December 26th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $51.00.

UNITIL Corporation (NYSE UTL) opened at $45.62 on Monday. UNITIL Corporation has a fifty-two week low of $43.03 and a fifty-two week high of $52.84. The firm has a market capitalization of $671.74, a price-to-earnings ratio of 22.81, a P/E/G ratio of 5.49 and a beta of 0.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.56 and a quick ratio of 0.53.

UNITIL (NYSE:UTL) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. UNITIL had a return on equity of 9.39% and a net margin of 7.09%. The firm had revenue of $475.20 million for the quarter, compared to analysts’ expectations of $82.80 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. equities analysts forecast that UNITIL Corporation will post 2.03 EPS for the current fiscal year.

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About UNITIL

Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.

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Institutional Ownership by Quarter for UNITIL (NYSE:UTL)

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