Unitil Corp. (NYSE:UTL) has been assigned 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 recommendation.
Brokerages have set a 1-year consensus target price of $44.00 for the company and are anticipating that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Unitil Corp. an industry rank of 183 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Unitil Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services Inc raised its position in Unitil Corp. by 5.3% in the first quarter. Commonwealth Equity Services Inc now owns 11,107 shares of the company’s stock worth $472,000 after buying an additional 557 shares in the last quarter. Aperio Group LLC raised its position in Unitil Corp. by 16.9% in the first quarter. Aperio Group LLC now owns 23,639 shares of the company’s stock worth $1,004,000 after buying an additional 3,419 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Unitil Corp. by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,645 shares of the company’s stock worth $920,000 after buying an additional 75 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Unitil Corp. by 28.2% in the first quarter. TIAA CREF Investment Management LLC now owns 65,030 shares of the company’s stock worth $2,763,000 after buying an additional 14,317 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in Unitil Corp. by 1.1% in the first quarter. Teachers Advisors Inc. now owns 34,113 shares of the company’s stock worth $1,449,000 after buying an additional 366 shares in the last quarter. Institutional investors own 58.09% of the company’s stock.
Unitil Corp. (NYSE:UTL) opened at 38.05 on Monday. Unitil Corp. has a 12-month low of $33.75 and a 12-month high of $45.16. The company’s 50 day moving average price is $39.14 and its 200-day moving average price is $40.82. The firm has a market capitalization of $534.68 million, a price-to-earnings ratio of 21.79 and a beta of 0.18.
Unitil Corp. (NYSE:UTL) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The business had revenue of $73 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.12 earnings per share. On average, equities analysts anticipate that Unitil Corp. will post $1.81 earnings per share for the current fiscal year.
About Unitil Corp.
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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