UNITIL Corporation (NYSE:UTL) is expected to pay $0.36 on Nov 28, 2016. The indicated annual dividend is $1.42. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on UNITIL Corporation’s current price of $42.21, the dividend is 0.84%. This dividend’s record date is Nov 14, 2016 and the announcement date is Oct 20, 2016. The stock increased 2.90% or $1.19 during the last trading session, hitting $42.21. Unitil Corporation (NYSE:UTL) has declined 0.89% since April 5, 2016 and is downtrending. It has underperformed by 2.85% the S&P500.
Unitil Corporation is a public utility holding company. The company has a market cap of $593.49 million. The Firm is engaged in the local distribution of electricity and natural gas to clients throughout its service territories in the states of New Hampshire, Massachusetts and Maine. It has a 22.5 P/E ratio. It operates through three divisions: utility gas operations, utility electric activities and non-regulated.
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.86, from 1.82 in 2016Q1. The ratio turned negative, as 9 funds sold all Unitil Corporation shares owned while 43 reduced positions. 6 funds bought stakes while 44 increased positions. They now own 7.90 million shares or 2.15% less from 8.07 million shares in 2016Q1.
Next Fincl Group has 0.61% invested in the company for 45,314 shares. Huntington Commercial Bank reported 759 shares or 0% of all its holdings. Adage Capital Partners Gp Ltd Liability accumulated 0.02% or 200,000 shares. Plante Moran Fin Ltd holds 0% of its portfolio in Unitil Corporation (NYSE:UTL) for 60 shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 2,413 shares. D E Shaw & Com last reported 27,746 shares in the company. King Wealth Mngmt Grp Inc Ltd holds 7,326 shares or 0.17% of its portfolio. The Georgia-based Voya Investment Management Limited Liability Corp has invested 0% in Unitil Corporation (NYSE:UTL). Raymond James And Associate last reported 15,446 shares in the company. Blackrock Institutional Tru Na has invested 0% of its portfolio in Unitil Corporation (NYSE:UTL). Wells Fargo Mn accumulated 0% or 11,665 shares. Moreover, Envestnet Asset Management has 0% invested in Unitil Corporation (NYSE:UTL) for 1,660 shares. Citigroup accumulated 5,856 shares or 0% of the stock. Mesirow Inv Mgmt holds 5,149 shares or 0.01% of its portfolio. Thrivent Finance For Lutherans has invested 0% of its portfolio in Unitil Corporation (NYSE:UTL).
Insider Transactions: Since May 18, 2016, the stock had 1 insider buy, and 0 sales for $19,494 net activity. 500 shares were bought by ELFNER ALBERT H III, worth $19,494.
Unitil Corporation (NYSE:UTL) Ratings Coverage
Out of 2 analysts covering Unitil Corporation (NYSE:UTL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Unitil Corporation has been the topic of 3 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Unitil Corporation (NYSE:UTL) earned “Sector Perform” rating by RBC Capital Markets on Monday, April 25. The firm has “Buy” rating by Janney Capital given on Friday, July 24. The firm has “Neutral” rating by Janney Capital given on Thursday, October 15.
More recent Unitil Corporation (NYSE:UTL) news were published by: Marketwatch.com which released: “Unitil upgraded to sector perform from underperform at RBC Capital” on December 21, 2009. Also Streetinsider.com published the news titled: “Unitil Corporation (UTL) Assigned ‘BBB+’ Rating by S&P” on December 23, 2014. Twst.com‘s news article titled: “UNITIL Corporation: Unitil Reports Third Quarter Earnings” with publication date: October 20, 2016 was also an interesting one.
UTL Company Profile
Unitil Corporation (Unitil), incorporated on October 7, 1984, is a public utility holding company. The Firm is engaged in the local distribution of electricity and natural gas to approximately 182,000 clients throughout its service territories in the states of New Hampshire, Massachusetts and Maine. The Firm is a parent firm of three distribution utilities: Unitil Energy Systems, Inc. (Unitil Energy), which provides electric service in the southeastern seacoast and state capital regions of New Hampshire, including the capital city of Concord; Fitchburg Gas and Electric Light Company (Fitchburg), which provides both electric and natural gas service in the greater Fitchburg area of north central Massachusetts, and Northern Utilities, Inc. (Northern Utilities), which provides natural gas service in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland, in northern New England. Together, Unitil’s three distribution utilities serve approximately 103,300 electric clients and over 78,700 natural gas customers.
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