Unitil Co. (NYSE:UTL) CEO Thomas P. Meissner, Jr. purchased 1,000 shares of Unitil stock in a transaction dated Tuesday, December 29th. The shares were purchased at an average price of $43.00 per share, with a total value of $43,000.00. Following the completion of the transaction, the chief executive officer now directly owns 64,905 shares in the company, valued at $2,790,915. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NYSE UTL opened at $44.27 on Friday. Unitil Co. has a 52-week low of $32.80 and a 52-week high of $65.76. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market capitalization of $664.36 million, a P/E ratio of 20.59, a P/E/G ratio of 3.84 and a beta of 0.19. The company has a fifty day moving average of $41.28 and a 200-day moving average of $41.32.
Unitil (NYSE:UTL) last posted its quarterly earnings data on Thursday, October 29th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). Unitil had a return on equity of 8.42% and a net margin of 7.69%. The company had revenue of $87.40 million for the quarter, compared to the consensus estimate of $86.00 million. As a group, analysts forecast that Unitil Co. will post 2.15 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. Bank of America upgraded shares of Unitil from an “underperform” rating to a “neutral” rating in a research report on Wednesday, September 16th. Zacks Investment Research lowered shares of Unitil from a “buy” rating to a “hold” rating in a research report on Friday, October 16th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Unitil presently has a consensus rating of “Hold” and an average target price of $53.75.
Several hedge funds and other institutional investors have recently bought and sold shares of UTL. NEXT Financial Group Inc bought a new stake in shares of Unitil during the 3rd quarter worth $43,000. Massmutual Trust Co. FSB ADV bought a new stake in Unitil in the third quarter worth $111,000. BNP Paribas Arbitrage SA lifted its stake in Unitil by 524.5% in the third quarter. BNP Paribas Arbitrage SA now owns 3,472 shares of the utilities provider’s stock worth $134,000 after purchasing an additional 2,916 shares during the last quarter. ClariVest Asset Management LLC lifted its stake in Unitil by 44.3% in the second quarter. ClariVest Asset Management LLC now owns 6,400 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 1,965 shares during the last quarter. Finally, Boston Partners lifted its stake in Unitil by 34.4% in the third quarter. Boston Partners now owns 9,629 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 2,463 shares during the last quarter. 70.40% of the stock is owned by institutional investors.
Unitil Company Profile
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. 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 the greater Fitchburg area of north central Massachusetts.
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