Charles Schwab Investment Management Inc. Has $6.37 Million Stock Position in Unitil Co. (NYSE:UTL)


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Charles Schwab Investment Management Inc. grew its position in Unitil Co. (NYSE:UTL) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,876 shares of the utilities provider’s stock after buying an additional 5,023 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.96% of Unitil worth $6,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Unitil by 34.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 253,648 shares of the utilities provider’s stock worth $11,229,000 after purchasing an additional 65,259 shares during the period. Sei Investments Co. boosted its holdings in shares of Unitil by 2.9% during the third quarter. Sei Investments Co. now owns 103,459 shares of the utilities provider’s stock worth $3,998,000 after purchasing an additional 2,929 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Unitil during the fourth quarter worth approximately $41,989,000. CWM LLC boosted its holdings in shares of Unitil by 42.1% during the fourth quarter. CWM LLC now owns 27,203 shares of the utilities provider’s stock worth $1,204,000 after purchasing an additional 8,063 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of Unitil by 2.8% during the fourth quarter. Gabelli Funds LLC now owns 74,125 shares of the utilities provider’s stock worth $3,282,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 70.78% of the company’s stock.

UTL has been the subject of a number of analyst reports. TheStreet upgraded shares of Unitil from a “c” rating to a “b-” rating in a research note on Monday, February 8th. Zacks Investment Research upgraded shares of Unitil from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 5th.

In other news, SVP Todd R. Black sold 6,309 shares of the firm’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $46.16, for a total value of $291,223.44. Following the sale, the senior vice president now directly owns 22,776 shares of the company’s stock, valued at $1,051,340.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.93% of the company’s stock.

Unitil stock opened at $49.41 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.19 and a quick ratio of 1.10. The company has a market capitalization of $742.98 million, a price-to-earnings ratio of 24.46, a PEG ratio of 3.79 and a beta of 0.42. Unitil Co. has a one year low of $32.80 and a one year high of $57.16. The company’s fifty day moving average price is $46.28 and its two-hundred day moving average price is $42.13.

Unitil (NYSE:UTL) last posted its earnings results on Monday, February 1st. The utilities provider reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The firm had revenue of $116.90 million for the quarter. Unitil had a net margin of 7.18% and a return on equity of 7.84%. As a group, sell-side analysts anticipate that Unitil Co. will post 2.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Friday, February 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Thursday, February 11th. Unitil’s dividend payout ratio is currently 65.80%.

About Unitil

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. 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 and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as the greater Fitchburg area of north central Massachusetts.

Further Reading: Cost of Debt

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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