Zacks: Brokerages Set $52.00 Target Price for UNITIL Corporation (UTL)
UNITIL Corporation (NYSE:UTL) has earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a one year consensus price objective of $52.00 for the company and are predicting that the company will post $0.76 EPS for the current quarter, according to Zacks. Zacks has also assigned UNITIL Corporation an industry rank of 192 out of 265 based on the ratings given to its competitors.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of UNITIL Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $47.00 target price on shares of UNITIL Corporation in a report on Wednesday, October 18th. Finally, BidaskClub lowered shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.
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UNITIL Corporation (NYSE UTL) opened at $49.62 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 1.04. UNITIL Corporation has a twelve month low of $42.36 and a twelve month high of $52.84. The company has a market cap of $700.68, a price-to-earnings ratio of 24.81 and a beta of 0.21.
UNITIL Corporation (NYSE:UTL) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. UNITIL Corporation had a net margin of 7.09% and a return on equity of 9.39%. The company had revenue of $475.20 million for the quarter, compared to analyst estimates of $82.80 million. During the same quarter last year, the firm earned $0.25 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. research analysts forecast that UNITIL Corporation will post 2.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, November 14th. UNITIL Corporation’s dividend payout ratio is currently 72.00%.
Several hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC bought a new position in shares of UNITIL Corporation during the 3rd quarter valued at $204,000. California Public Employees Retirement System grew its holdings in UNITIL Corporation by 84.8% in the 3rd quarter. California Public Employees Retirement System now owns 16,263 shares of the utilities provider’s stock worth $804,000 after acquiring an additional 7,463 shares during the last quarter. Magnetar Financial LLC bought a new stake in UNITIL Corporation in the 3rd quarter worth $204,000. Allianz Asset Management GmbH bought a new stake in UNITIL Corporation in the 3rd quarter worth $343,000. Finally, Dimensional Fund Advisors LP grew its holdings in UNITIL Corporation by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 539,193 shares of the utilities provider’s stock worth $26,669,000 after acquiring an additional 11,662 shares during the last quarter. 59.79% of the stock is currently owned by institutional investors.
UNITIL Corporation Company Profile
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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