UNITIL Corporation (UTL) Given $52.00 Average Price Target by Brokerages
UNITIL Corporation (NYSE:UTL) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokers have set a 12-month consensus target price of $52.00 for the company and are anticipating that the company will post $0.76 earnings per share for the current quarter, according to Zacks. Zacks has also given UNITIL Corporation an industry rank of 181 out of 265 based on the ratings given to related companies.
Several research analysts have recently weighed in on the company. Royal Bank Of Canada restated a “hold” rating and set a $47.00 target price on shares of UNITIL Corporation in a report on Tuesday, August 15th. BidaskClub upgraded UNITIL Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research cut UNITIL Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
UNITIL Corporation (UTL) opened at $51.87 on Friday. The firm has a market capitalization of $732.46, a price-to-earnings ratio of 25.93 and a beta of 0.21. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.04.
UNITIL Corporation (NYSE:UTL) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $475.20 million for the quarter, compared to analysts’ expectations of $82.80 million. UNITIL Corporation had a return on equity of 9.39% and a net margin of 7.09%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. research analysts forecast that UNITIL Corporation will post 2.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Tuesday, November 14th. UNITIL Corporation’s dividend payout ratio is presently 72.00%.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in UNITIL Corporation by 1.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,140 shares of the utilities provider’s stock valued at $490,000 after acquiring an additional 100 shares during the last quarter. Bessemer Group Inc. lifted its holdings in UNITIL Corporation by 0.6% in the second quarter. Bessemer Group Inc. now owns 35,340 shares of the utilities provider’s stock valued at $1,706,000 after acquiring an additional 228 shares during the last quarter. Teachers Advisors LLC lifted its holdings in UNITIL Corporation by 0.8% in the second quarter. Teachers Advisors LLC now owns 29,792 shares of the utilities provider’s stock valued at $1,439,000 after acquiring an additional 229 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in UNITIL Corporation by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 12,163 shares of the utilities provider’s stock valued at $587,000 after acquiring an additional 349 shares during the last quarter. Finally, Strs Ohio lifted its holdings in UNITIL Corporation by 6.8% in the second quarter. Strs Ohio now owns 6,300 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.
About UNITIL Corporation
Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of 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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