According to Zacks, “Unitil Corporation is a registered public utility holding company and the parent company of the Unitil System. “
Separately, ValuEngine downgraded shares of Unitil from a “buy” rating to a “hold” rating in a report on Friday, September 6th.
Unitil (NYSE:UTL) last announced its earnings results on Thursday, October 24th. The utilities provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $85.30 million for the quarter, compared to the consensus estimate of $87.00 million. Unitil had a net margin of 9.79% and a return on equity of 9.27%. On average, equities analysts anticipate that Unitil will post 2.32 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. Boston Advisors LLC acquired a new stake in Unitil during the 3rd quarter worth approximately $2,302,000. SG Americas Securities LLC acquired a new stake in Unitil during the 3rd quarter worth approximately $102,000. Russell Investments Group Ltd. raised its holdings in Unitil by 7.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 90,311 shares of the utilities provider’s stock worth $5,729,000 after buying an additional 6,532 shares during the period. California Public Employees Retirement System raised its holdings in Unitil by 267.5% during the 3rd quarter. California Public Employees Retirement System now owns 38,425 shares of the utilities provider’s stock worth $2,438,000 after buying an additional 27,969 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Unitil by 5.7% in the third quarter. Janney Montgomery Scott LLC now owns 10,109 shares of the utilities provider’s stock valued at $641,000 after purchasing an additional 542 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.
Unitil Company Profile
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. 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, portions of southern Maine to the Lewiston-Auburn area, and in the greater Fitchburg area of north central Massachusetts.
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