Unitil Corp. Stock Rating Lowered by RBC Capital (UTL)
Unitil Corp. (NYSE:UTL) was downgraded by equities research analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $33.00 price target on the stock. RBC Capital’s price target would suggest a potential upside of 4.13% from the stock’s previous close.
Shares of Unitil Corp. (NYSE:UTL) traded down 0.16% on Tuesday, hitting $31.69. 85,689 shares of the company’s stock traded hands. Unitil Corp. has a 1-year low of $24.15 and a 1-year high of $32.07. The stock’s 50-day moving average is $29.17 and its 200-day moving average is $29.0. The company has a market cap of $436.6 million and a P/E ratio of 21.52.
Unitil Corp. (NYSE:UTL) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.03. The company had revenue of $71.00 million for the quarter, compared to the consensus estimate of $72.68 million. On average, analysts predict that Unitil Corp. will post $1.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.35 per share. This represents a $1.38 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, October 30th.
Unitil Corporation (NYSE:UTL) is a public utility holding company.
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