Fuller & Thaler Asset Management Inc. raised its position in Unitil Co. (NYSE:UTL) by 11.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,253 shares of the utilities provider’s stock after purchasing an additional 3,693 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.24% of Unitil worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new position in shares of Unitil in the 2nd quarter valued at $164,000. Sigma Planning Corp purchased a new position in shares of Unitil in the 2nd quarter valued at $205,000. US Bancorp DE grew its position in shares of Unitil by 103.8% in the 2nd quarter. US Bancorp DE now owns 4,433 shares of the utilities provider’s stock valued at $226,000 after buying an additional 2,258 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Unitil in the 3rd quarter valued at $226,000. Finally, Bank of Montreal Can purchased a new position in shares of Unitil in the 2nd quarter valued at $234,000. 64.94% of the stock is currently owned by institutional investors.
NYSE UTL opened at $50.70 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $754.06 million, a P/E ratio of 24.61, a P/E/G ratio of 6.21 and a beta of 0.04. Unitil Co. has a 12 month low of $40.92 and a 12 month high of $53.07.
Unitil (NYSE:UTL) last posted its earnings results on Thursday, October 25th. The utilities provider reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.12. Unitil had a net margin of 7.65% and a return on equity of 9.65%. The firm had revenue of $88.20 million for the quarter, compared to the consensus estimate of $86.90 million. On average, research analysts forecast that Unitil Co. will post 2.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, November 14th. Unitil’s payout ratio is currently 70.87%.
A number of research analysts recently commented on UTL shares. ValuEngine raised shares of Unitil from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Zacks Investment Research downgraded shares of Unitil from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th.
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes 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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