Unitil Co. (UTL) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Unitil Co. (NYSE:UTL) by 1.0% in the 2nd quarter, Holdings Channel reports. The firm owned 567,709 shares of the utilities provider’s stock after acquiring an additional 5,609 shares during the period. Dimensional Fund Advisors LP’s holdings in Unitil were worth $28,976,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Sigma Planning Corp acquired a new stake in Unitil in the 2nd quarter valued at about $205,000. Sei Investments Co. lifted its position in Unitil by 19.0% during the second quarter. Sei Investments Co. now owns 64,360 shares of the utilities provider’s stock worth $3,285,000 after acquiring an additional 10,297 shares during the last quarter. Swiss National Bank lifted its position in Unitil by 9.4% during the second quarter. Swiss National Bank now owns 26,800 shares of the utilities provider’s stock worth $1,368,000 after acquiring an additional 2,300 shares during the last quarter. Shelter Harbor Advisors LP lifted its position in Unitil by 124.2% during the first quarter. Shelter Harbor Advisors LP now owns 100,000 shares of the utilities provider’s stock worth $4,641,000 after acquiring an additional 55,400 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Unitil during the second quarter worth approximately $675,000. Institutional investors and hedge funds own 64.16% of the company’s stock.

Several brokerages have issued reports on UTL. Zacks Investment Research upgraded shares of 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. Bank of America raised their price objective on shares of Unitil from $47.00 to $49.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 1st.

Shares of UTL stock opened at $49.86 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.87 and a quick ratio of 0.81. The company has a market cap of $756.72 million, a price-to-earnings ratio of 24.20, a P/E/G ratio of 6.51 and a beta of -0.07. Unitil Co. has a 12-month low of $40.92 and a 12-month high of $53.07.

Unitil (NYSE:UTL) last announced its earnings results on Thursday, July 26th. The utilities provider reported $0.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. Unitil had a net margin of 7.61% and a return on equity of 9.83%. The company had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $84.40 million. On average, sell-side analysts anticipate that Unitil Co. will post 2.22 EPS for the current fiscal year.

Unitil 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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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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