UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,043 Shares of Unitil Co. (NYSE:UTL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Unitil Co. (NYSE:UTLFree Report) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,081 shares of the utilities provider’s stock after selling 2,043 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Unitil worth $2,913,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UTL. Allspring Global Investments Holdings LLC grew its position 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 worth $85,000 after purchasing an additional 1,319 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Unitil during the second quarter valued at approximately $181,000. AQR Capital Management LLC bought a new stake in Unitil during the second quarter worth $208,000. BOKF NA purchased a new position in Unitil in the second quarter worth $235,000. Finally, Panagora Asset Management Inc. grew its stake in Unitil by 25.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 5,064 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 1,015 shares during the period. Hedge funds and other institutional investors own 76.76% of the company’s stock.

Unitil Stock Performance

NYSE UTL opened at $56.87 on Friday. 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 company has a market capitalization of $920.73 million, a PE ratio of 19.41 and a beta of 0.62. Unitil Co. has a 52-week low of $45.26 and a 52-week high of $63.52. The company has a 50-day simple moving average of $58.70 and a 200 day simple moving average of $57.25.

Unitil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Thursday, November 14th. Unitil’s dividend payout ratio (DPR) is currently 58.02%.

Unitil Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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