Insider Buying: UIL Holdings Corp. Director Buys 10,000 Shares of Stock (UIL)
UIL Holdings Corp. (NYSE:UIL) Director Arnold Chase purchased 10,000 shares of the stock on the open market in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $37.25 per share, for a total transaction of $372,500.00. Following the acquisition, the director now directly owns 427,377 shares of the company’s stock, valued at approximately $15,919,793. The acquisition was disclosed in a filing with the SEC, which is available at this link.
UIL Holdings Corp. (NYSE:UIL) traded up 0.43% on Tuesday, hitting $37.34. 551,753 shares of the company’s stock traded hands. UIL Holdings Corp. has a 52 week low of $32.33 and a 52 week high of $42.14. The stock’s 50-day moving average is $37.43 and its 200-day moving average is $39.22. The company has a market cap of $1.903 billion and a P/E ratio of 16.75.
UIL Holdings Corp. (NYSE:UIL) last released its earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.29. On average, analysts predict that UIL Holdings Corp. will post $2.16 earnings per share for the current fiscal year.
UIL has been the subject of a number of recent research reports. Analysts at Ladenburg Thalmann cut their price target on shares of UIL Holdings Corp. (NYSE:UIL) from $40.00 to $38.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of UIL Holdings Corp. (NYSE:UIL) in a research note to investors on Thursday, August 8th. They now have a $40.50 price target on the stock. Finally, analysts at Robert W. Baird reiterated a “buy” rating on shares of UIL Holdings Corp. (NYSE:UIL) in a research note to investors on Thursday, July 11th. They now have a $45.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.06.
UIL Holdings Corporation (NYSE:UIL) is engaged in the ownership of its operating regulated utility businesses.
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