Zacks: Analysts Set $44.00 Target Price for Unitil Corp. (NYSE:UTL)
Unitil Corp. (NYSE:UTL) has earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus price objective of $44.00 for the company and are predicting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Unitil Corp. an industry rank of 176 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Unitil Corp. from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd.
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Shares of Unitil Corp. (NYSE:UTL) traded up 1.4404% during midday trading on Monday, hitting $38.2329. The company’s stock had a trading volume of 5,032 shares. The company has a market cap of $537.25 million, a P/E ratio of 21.8974 and a beta of 0.18. The company has a 50-day moving average price of $39.28 and a 200 day moving average price of $40.90. Unitil Corp. has a 1-year low of $33.75 and a 1-year high of $45.16.
Unitil Corp. (NYSE:UTL) last issued its earnings results on Thursday, July 21st. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. The firm had revenue of $73 million for the quarter, compared to the consensus estimate of $79.90 million. Unitil Corp. had a return on equity of 8.58% and a net margin of 6.47%. During the same quarter last year, the business posted $0.12 EPS. On average, equities research analysts predict that Unitil Corp. will post $1.81 EPS for the current year.
Several large investors have recently added to or reduced their stakes in UTL. Royal Bank of Canada increased its stake in Unitil Corp. by 0.5% in the second quarter. Royal Bank of Canada now owns 160,094 shares of the company’s stock valued at $6,830,000 after buying an additional 808 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Unitil Corp. by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 55,927 shares of the company’s stock valued at $2,387,000 after buying an additional 984 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Unitil Corp. by 42.3% in the second quarter. AQR Capital Management LLC now owns 33,117 shares of the company’s stock valued at $1,413,000 after buying an additional 9,837 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Unitil Corp. by 1.9% in the second quarter. Panagora Asset Management Inc. now owns 58,377 shares of the company’s stock valued at $2,491,000 after buying an additional 1,080 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Unitil Corp. during the second quarter valued at approximately $8,534,000. 58.09% of the stock is currently owned by institutional investors.
Unitil Corp. Company Profile
Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the local distribution of electricity and natural gas to customers throughout its service territories in the states of New Hampshire, Massachusetts and Maine. It operates through three segments: utility gas operations, utility electric operations and non-regulated.
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