UNITIL Corporation (UTL) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of UNITIL Corporation (NYSE:UTL) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 539,193 shares of the utilities provider’s stock after purchasing an additional 11,662 shares during the quarter. Dimensional Fund Advisors LP owned 3.82% of UNITIL worth $26,669,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position in shares of UNITIL by 15.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 79,630 shares of the utilities provider’s stock worth $3,939,000 after purchasing an additional 10,718 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of UNITIL by 7.1% during the 3rd quarter. Wells Fargo & Company MN now owns 84,016 shares of the utilities provider’s stock worth $4,157,000 after purchasing an additional 5,592 shares during the last quarter. Eagle Boston Investment Management Inc. increased its position in shares of UNITIL by 53.0% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 153,316 shares of the utilities provider’s stock worth $7,701,000 after purchasing an additional 53,138 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of UNITIL by 202.8% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 7,615 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 5,100 shares during the last quarter. Finally, NEXT Financial Group Inc increased its position in shares of UNITIL by 21.8% during the 3rd quarter. NEXT Financial Group Inc now owns 60,874 shares of the utilities provider’s stock worth $3,164,000 after purchasing an additional 10,878 shares during the last quarter. 58.18% of the stock is owned by hedge funds and other institutional investors.

UTL has been the subject of a number of recent analyst reports. Zacks Investment Research raised UNITIL from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, November 1st. Janney Montgomery Scott raised UNITIL from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $52.00 to $50.00 in a research report on Tuesday, December 26th. They noted that the move was a valuation call. Bank of America started coverage on UNITIL in a research report on Monday, December 18th. They issued a “neutral” rating and a $49.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $47.00 target price on shares of UNITIL in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.00.

UNITIL Corporation (UTL) opened at $44.17 on Friday. The firm has a market capitalization of $650.39, a PE ratio of 22.09, a price-to-earnings-growth ratio of 5.16 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 Corporation has a 52-week low of $43.03 and a 52-week high of $52.84.

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

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UNITIL Profile

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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