Advisor Group Holdings Inc. Sells 395 Shares of Unitil Co. (NYSE:UTL)

Advisor Group Holdings Inc. reduced its stake in shares of Unitil Co. (NYSE:UTL) by 0.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,120 shares of the utilities provider’s stock after selling 395 shares during the period. Advisor Group Holdings Inc.’s holdings in Unitil were worth $3,387,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in UTL. BlackRock Inc. grew its position in shares of Unitil by 91.5% during the 2nd quarter. BlackRock Inc. now owns 2,573,670 shares of the utilities provider’s stock valued at $136,326,000 after acquiring an additional 1,229,926 shares during the period. Invesco Ltd. grew its position in shares of Unitil by 756.3% during the 2nd quarter. Invesco Ltd. now owns 264,936 shares of the utilities provider’s stock valued at $14,034,000 after acquiring an additional 233,996 shares during the period. State Street Corp grew its position in shares of Unitil by 68.0% during the 2nd quarter. State Street Corp now owns 542,173 shares of the utilities provider’s stock valued at $28,719,000 after acquiring an additional 219,505 shares during the period. Vanguard Group Inc. boosted its holdings in Unitil by 18.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,073,158 shares of the utilities provider’s stock worth $56,845,000 after buying an additional 170,492 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Unitil by 1,155.0% in the 2nd quarter. Principal Financial Group Inc. now owns 121,948 shares of the utilities provider’s stock worth $6,460,000 after buying an additional 112,231 shares during the period. 78.03% of the stock is owned by hedge funds and other institutional investors.

UTL opened at $46.56 on Friday. The company has a 50 day moving average of $44.11 and a 200 day moving average of $47.30. The company has a market cap of $743.70 million, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.61. Unitil Co. has a 12 month low of $38.02 and a 12 month high of $59.32. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 1.14.

Unitil (NYSE:UTL) last posted its earnings results on Tuesday, November 2nd. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.06). Unitil had a return on equity of 8.63% and a net margin of 7.82%. The firm had revenue of $98.10 million during the quarter, compared to analysts’ expectations of $92.00 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. Research analysts forecast that Unitil Co. will post 2.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 29th. Shareholders of record on Monday, November 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Friday, November 12th. Unitil’s dividend payout ratio is presently 64.96%.

Separately, Zacks Investment Research raised shares of Unitil from a “sell” rating to a “hold” rating in a report on Friday, January 7th.

Unitil Profile

UNITIL Corp. operates as a holding company, which engages in power generation and distribution. It operates through the following segments: Gas, Electric, Non-Regulated and Other. The firm produces and sells electricity & natural gas. The company was founded on September 7, 1984 and is headquartered in Hampton, NH.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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