Victory Capital Management Inc. trimmed its position in shares of Unitil Co. (NYSE:UTL – Get Rating) by 45.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,988 shares of the utilities provider’s stock after selling 124,159 shares during the period. Victory Capital Management Inc. owned 0.92% of Unitil worth $7,668,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in Unitil by 5.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,144 shares of the utilities provider’s stock valued at $703,000 after acquiring an additional 764 shares during the period. Jump Financial LLC bought a new stake in shares of Unitil in the third quarter valued at approximately $237,000. Teacher Retirement System of Texas purchased a new stake in shares of Unitil during the 3rd quarter valued at approximately $360,000. Foundry Partners LLC boosted its holdings in Unitil by 0.5% in the 4th quarter. Foundry Partners LLC now owns 112,590 shares of the utilities provider’s stock worth $5,783,000 after buying an additional 510 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. grew its stake in Unitil by 4.8% in the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 185,402 shares of the utilities provider’s stock valued at $8,612,000 after buying an additional 8,452 shares in the last quarter. 74.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
UTL has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Unitil from $55.00 to $56.00 and gave the stock a “sector perform” rating in a report on Friday, February 17th. StockNews.com started coverage on Unitil in a report on Thursday, May 18th. They set a “hold” rating on the stock.
Unitil Stock Performance
Unitil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 16th will be issued a $0.405 dividend. The ex-dividend date is Monday, May 15th. This represents a $1.62 annualized dividend and a dividend yield of 3.02%. Unitil’s payout ratio is currently 58.91%.
Unitil Company Profile
UNITIL Corp. operates as a holding company, which engages in the local distribution of electricity and natural gas. It operates through the following segments: Electric, Gas, and Others. The company was founded in 1984 and is headquartered in Hampton, NH.
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