Unitil (NYSE:UTL) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Unitil Co. (NYSE:UTL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $56.62 and traded as high as $58.83. Unitil shares last traded at $58.75, with a volume of 49,847 shares.

Unitil Stock Up 0.5 %

The firm’s 50-day moving average price is $59.20 and its two-hundred day moving average price is $56.62. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.91. The firm has a market cap of $951.16 million, a PE ratio of 20.05 and a beta of 0.61.

Unitil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.70 annualized dividend and a dividend yield of 2.89%. Unitil’s dividend payout ratio (DPR) is currently 58.02%.

Institutional Investors Weigh In On Unitil

Several large investors have recently modified their holdings of UTL. Allspring Global Investments Holdings LLC increased its stake in Unitil by 402.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,647 shares of the utilities provider’s stock valued at $85,000 after buying an additional 1,319 shares during the period. Millburn Ridgefield Corp acquired a new position in shares of Unitil during the third quarter worth about $137,000. SG Americas Securities LLC purchased a new position in Unitil during the second quarter worth about $181,000. AQR Capital Management LLC acquired a new stake in Unitil in the second quarter valued at about $208,000. Finally, Centiva Capital LP purchased a new stake in Unitil in the 3rd quarter valued at approximately $271,000. Hedge funds and other institutional investors own 76.76% of the company’s stock.

About Unitil

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.