Janney Montgomery Scott LLC Trims Position in Unitil Co. (NYSE:UTL)

Janney Montgomery Scott LLC trimmed its position in shares of Unitil Co. (NYSE:UTL) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,958 shares of the utilities provider’s stock after selling 328 shares during the period. Janney Montgomery Scott LLC’s holdings in Unitil were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UTL. Millburn Ridgefield Corp acquired a new stake in shares of Unitil during the 3rd quarter worth $137,000. AQR Capital Management LLC acquired a new stake in shares of Unitil during the 2nd quarter worth $208,000. Centiva Capital LP acquired a new stake in shares of Unitil during the 3rd quarter worth $271,000. Inspire Advisors LLC acquired a new stake in shares of Unitil during the 3rd quarter worth $292,000. Finally, ClearAlpha Technologies LP acquired a new stake in shares of Unitil during the 3rd quarter worth $301,000. 76.76% of the stock is currently owned by institutional investors and hedge funds.

Unitil Trading Down 1.3 %

UTL stock opened at $54.44 on Monday. The company has a market cap of $881.33 million, a price-to-earnings ratio of 18.58 and a beta of 0.63. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. The business has a fifty day simple moving average of $54.63 and a 200-day simple moving average of $57.66. Unitil Co. has a 52 week low of $45.26 and a 52 week high of $63.52.

Unitil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be issued a $0.45 dividend. This is an increase from Unitil’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.31%. The ex-dividend date is Thursday, February 13th. Unitil’s dividend payout ratio is currently 61.43%.

Unitil Company Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. 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 electricity and natural gas in the greater Fitchburg area of north central Massachusetts.