Aristotle Capital Boston LLC Has $20.83 Million Holdings in Unitil Co. (NYSE:UTL)

Aristotle Capital Boston LLC decreased its stake in shares of Unitil Co. (NYSE:UTL) by 14.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 384,394 shares of the utilities provider’s stock after selling 67,127 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Unitil were worth $20,830,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in UTL. The Manufacturers Life Insurance Company increased its stake in Unitil by 9.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 560,944 shares of the utilities provider’s stock valued at $30,398,000 after acquiring an additional 49,130 shares during the period. Geode Capital Management LLC grew its holdings in shares of Unitil by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 382,883 shares of the utilities provider’s stock worth $20,754,000 after purchasing an additional 1,225 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Unitil by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 203,475 shares of the utilities provider’s stock valued at $11,026,000 after purchasing an additional 2,130 shares during the period. Northern Trust Corp raised its stake in shares of Unitil by 11.8% in the fourth quarter. Northern Trust Corp now owns 186,079 shares of the utilities provider’s stock valued at $10,084,000 after purchasing an additional 19,631 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Unitil by 5.7% in the fourth quarter. Invesco Ltd. now owns 117,280 shares of the utilities provider’s stock worth $6,355,000 after purchasing an additional 6,335 shares during the period. Institutional investors and hedge funds own 76.76% of the company’s stock.

Unitil Stock Down 0.0 %

Shares of UTL opened at $59.00 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $56.91 and a two-hundred day moving average price of $56.57. The stock has a market cap of $958.43 million, a price-to-earnings ratio of 20.13 and a beta of 0.58. Unitil Co. has a 12 month low of $48.94 and a 12 month high of $63.52.

Unitil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.80 annualized dividend and a dividend yield of 3.05%. Unitil’s dividend payout ratio (DPR) is presently 61.43%.

Analysts Set New Price Targets

Separately, Guggenheim restated a “neutral” rating and issued a $55.00 price objective on shares of Unitil in a research note on Wednesday, February 12th.

Unitil Company Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. 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 electricity and natural gas in the greater Fitchburg area of north central Massachusetts.