Wellington Management Group LLP Acquires New Holdings in Unitil Co. (NYSE:UTL)

Wellington Management Group LLP bought a new position in shares of Unitil Co. (NYSE:UTL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,105 shares of the utilities provider’s stock, valued at approximately $1,400,000. Wellington Management Group LLP owned 0.14% of Unitil as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in shares of 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 buying an additional 1,319 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in Unitil in the third quarter valued at approximately $137,000. SG Americas Securities LLC purchased a new position in Unitil in the second quarter worth $181,000. AQR Capital Management LLC acquired a new position in shares of Unitil during the second quarter worth $208,000. Finally, Centiva Capital LP purchased a new stake in shares of Unitil during the 3rd quarter valued at $271,000. Institutional investors own 76.76% of the company’s stock.

Unitil Stock Up 0.2 %

Shares of UTL stock opened at $54.24 on Friday. The stock’s fifty day moving average price is $58.57 and its 200 day moving average price is $57.37. Unitil Co. has a 1-year low of $45.26 and a 1-year high of $63.52. The company has a market cap of $878.09 million, a price-to-earnings ratio of 18.51 and a beta of 0.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.82.

Unitil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.70 annualized dividend and a dividend yield of 3.13%. Unitil’s dividend payout ratio (DPR) is currently 58.02%.

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.