First Trust Advisors LP lowered its stake in shares of Unitil Corp. (NYSE:UTL) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 6,900 shares of the company’s stock after selling 325 shares during the period. First Trust Advisors LP’s holdings in Unitil Corp. were worth $294,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC increased its position in Unitil Corp. by 3.2% in the second quarter. Frontier Capital Management Co. LLC now owns 792,474 shares of the company’s stock valued at $33,815,000 after buying an additional 24,608 shares during the period. Acadian Asset Management LLC increased its position in Unitil Corp. by 4.2% in the second quarter. Acadian Asset Management LLC now owns 432,913 shares of the company’s stock valued at $18,474,000 after buying an additional 17,298 shares during the period. Renaissance Technologies LLC increased its position in Unitil Corp. by 16.8% in the first quarter. Renaissance Technologies LLC now owns 384,600 shares of the company’s stock valued at $16,342,000 after buying an additional 55,400 shares during the period. Emerald Acquisition Ltd. bought a new position in Unitil Corp. during the second quarter valued at approximately $9,962,000. Finally, Bank of New York Mellon Corp increased its position in Unitil Corp. by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 146,942 shares of the company’s stock valued at $6,271,000 after buying an additional 8,897 shares during the period. 58.09% of the stock is owned by institutional investors and hedge funds.
Shares of Unitil Corp. (NYSE:UTL) traded down 0.21% on Friday, hitting $38.02. 30,833 shares of the company were exchanged. The stock has a market capitalization of $534.26 million, a PE ratio of 21.78 and a beta of 0.18. The firm’s 50-day moving average is $39.03 and its 200-day moving average is $40.77. Unitil Corp. has a 52-week low of $33.75 and a 52-week high of $45.16.
Unitil Corp. (NYSE:UTL) last posted its earnings results on Thursday, July 21st. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The company earned $73 million during the quarter, compared to the consensus estimate of $79.90 million. Unitil Corp. had a net margin of 6.47% and a return on equity of 8.58%. During the same period in the previous year, the firm posted $0.12 earnings per share. Equities research analysts predict that Unitil Corp. will post $1.81 earnings per share for the current year.
Separately, Zacks Investment Research raised shares of Unitil Corp. from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd.
Unitil Corp. Company Profile
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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