UNITIL (NYSE:UTL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Unitil Corporation is a registered public utility holding company and the parent company of the Unitil System. “

A number of other research analysts have also weighed in on the company. BidaskClub raised UNITIL from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $47.00 price objective on shares of UNITIL in a research report on Tuesday, August 15th.

UNITIL (UTL) opened at $50.74 on Wednesday. UNITIL has a 52-week low of $42.90 and a 52-week high of $52.84. The stock has a market capitalization of $732.73, a P/E ratio of 25.94 and a beta of 0.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.56 and a quick ratio of 0.53.

UNITIL (NYSE:UTL) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. UNITIL had a return on equity of 9.39% and a net margin of 7.09%. The firm had revenue of $475.20 million during the quarter, compared to analyst estimates of $82.80 million. During the same quarter in the prior year, the company earned $0.25 EPS. The business’s revenue was down 3.4% compared to the same quarter last year. research analysts expect that UNITIL will post 2.03 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Frontier Capital Management Co. LLC boosted its stake in UNITIL by 1.8% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 951,407 shares of the utilities provider’s stock valued at $47,057,000 after purchasing an additional 16,392 shares during the last quarter. Monarch Partners Asset Management LLC boosted its stake in UNITIL by 13.0% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 115,410 shares of the utilities provider’s stock valued at $4,508,000 after purchasing an additional 13,300 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in UNITIL by 14.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 134,684 shares of the utilities provider’s stock valued at $5,261,000 after purchasing an additional 16,532 shares during the last quarter. Numeric Investors LLC boosted its stake in UNITIL by 8.2% during the 4th quarter. Numeric Investors LLC now owns 41,885 shares of the utilities provider’s stock valued at $1,503,000 after purchasing an additional 3,185 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in UNITIL by 6.0% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 100,178 shares of the utilities provider’s stock valued at $4,839,000 after purchasing an additional 5,670 shares during the last quarter. 60.66% of the stock is owned by institutional investors.

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UNITIL 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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