Analysts have set a one year consensus target price of $44.00 for the company and are predicting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Unitil an industry rank of 174 out of 265 based on the ratings given to related companies.
Unitil Co. (NYSE:UTL) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Unitil from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Tuesday, May 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $44.00 target price on shares of Unitil in a report on Friday, March 17th. Unitil (NYSE:UTL) traded down 1.09% during mid-day trading on Monday, reaching $46.36. 29,662 shares of the company’s stock traded hands. Unitil has a 52 week low of $37.31 and a 52 week high of $48.88. The stock’s 50 day moving average is $46.55 and its 200-day moving average is $44.77. The stock has a market capitalization of $654.05 million, a PE ratio of 22.71 and a beta of 0.17.
Unitil (NYSE:UTL) last released its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $126 million for the quarter, compared to analysts’ expectations of $131.90 million. Unitil had a net margin of 7.10% and a return on equity of 9.36%. During the same quarter last year, the company earned $0.78 earnings per share. On average, equities analysts anticipate that Unitil will post $2.05 EPS for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 16th will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.44 dividend on an annualized basis and a yield of 3.11%. Unitil’s dividend payout ratio (DPR) is 74.23%.
A number of institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Unitil by 0.4% in the first quarter. State Street Corp now owns 342,812 shares of the utilities provider’s stock worth $15,445,000 after buying an additional 1,346 shares during the period. Schwab Charles Investment Management Inc. raised its position in Unitil by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 64,186 shares of the utilities provider’s stock worth $2,891,000 after buying an additional 3,060 shares during the period. Renaissance Technologies LLC raised its position in Unitil by 9.9% in the first quarter. Renaissance Technologies LLC now owns 493,000 shares of the utilities provider’s stock worth $22,200,000 after buying an additional 44,400 shares during the period. Dimensional Fund Advisors LP raised its position in Unitil by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 510,860 shares of the utilities provider’s stock worth $23,004,000 after buying an additional 28,709 shares during the period. Finally, Globeflex Capital L P raised its position in Unitil by 17,834.4% in the first quarter. Globeflex Capital L P now owns 10,940 shares of the utilities provider’s stock worth $493,000 after buying an additional 10,879 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock. Unitil Company 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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