Unitil Co. (UTL) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of Unitil Co. (NYSE:UTL) by 9.4% during the second quarter, HoldingsChannel reports. The firm owned 783,800 shares of the utilities provider’s stock after buying an additional 67,375 shares during the period. Renaissance Technologies LLC owned about 0.05% of Unitil worth $40,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in UTL. Tributary Capital Management LLC bought a new position in shares of Unitil during the second quarter valued at $6,474,000. Impax Asset Management LLC lifted its holdings in shares of Unitil by 24.9% during the first quarter. Impax Asset Management LLC now owns 499,549 shares of the utilities provider’s stock valued at $23,184,000 after purchasing an additional 99,472 shares in the last quarter. Shelter Harbor Advisors LP lifted its holdings in shares of Unitil by 124.2% during the first quarter. Shelter Harbor Advisors LP now owns 100,000 shares of the utilities provider’s stock valued at $4,641,000 after purchasing an additional 55,400 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Unitil by 4.0% during the second quarter. BlackRock Inc. now owns 1,133,518 shares of the utilities provider’s stock valued at $57,855,000 after purchasing an additional 43,921 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Unitil during the first quarter valued at $1,632,000. 64.18% of the stock is currently owned by hedge funds and other institutional investors.

UTL has been the topic of a number of research analyst reports. Bank of America upped their price target on Unitil from $47.00 to $49.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st. Zacks Investment Research upgraded Unitil from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Tuesday, July 24th.

Unitil stock opened at $52.54 on Friday. The firm has a market cap of $773.67 million, a P/E ratio of 25.50, a PEG ratio of 6.66 and a beta of -0.05. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.87 and a quick ratio of 0.81. Unitil Co. has a one year low of $40.92 and a one year high of $53.07.

Unitil (NYSE:UTL) last posted its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $84.40 million. Unitil had a return on equity of 9.83% and a net margin of 7.61%. research analysts anticipate that Unitil Co. will post 2.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, August 14th. Unitil’s dividend payout ratio (DPR) is presently 70.87%.

About Unitil

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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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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