Geode Capital Management LLC Has $23.13 Million Stake in Unitil Co. (NYSE:UTL)

Geode Capital Management LLC lifted its stake in shares of Unitil Co. (NYSE:UTL) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 381,658 shares of the utilities provider’s stock after buying an additional 11,324 shares during the quarter. Geode Capital Management LLC’s holdings in Unitil were worth $23,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UTL. Allspring Global Investments Holdings LLC boosted its position in Unitil by 402.1% in the second 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 during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Unitil during the 3rd quarter worth $137,000. AQR Capital Management LLC purchased a new position in shares of Unitil in the 2nd quarter worth about $208,000. BOKF NA bought a new position in Unitil during the second quarter valued at about $235,000. Finally, Panagora Asset Management Inc. grew its position in Unitil by 25.1% during the second quarter. Panagora Asset Management Inc. now owns 5,064 shares of the utilities provider’s stock valued at $262,000 after buying an additional 1,015 shares during the period. 76.76% of the stock is owned by institutional investors.

Unitil Stock Down 1.3 %

UTL opened at $53.77 on Friday. The company’s 50-day moving average price is $57.98 and its two-hundred day moving average price is $57.41. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Unitil Co. has a twelve month low of $45.26 and a twelve month high of $63.52. The stock has a market cap of $870.48 million, a price-to-earnings ratio of 18.35 and a beta of 0.62.

Unitil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.70 annualized dividend and a dividend yield of 3.16%. Unitil’s dividend payout ratio 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.