Renaissance Technologies LLC Purchases 25,100 Shares of Unitil Co. (NYSE:UTL)

Renaissance Technologies LLC lifted its position in shares of Unitil Co. (NYSE:UTL) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 889,800 shares of the utilities provider’s stock after acquiring an additional 25,100 shares during the quarter. Renaissance Technologies LLC owned approximately 5.96% of Unitil worth $53,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Quantamental Technologies LLC increased its holdings in Unitil by 75.0% in the 2nd quarter. Quantamental Technologies LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 300 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Unitil during the 2nd quarter worth approximately $65,000. New York State Teachers Retirement System bought a new stake in Unitil during the 2nd quarter worth approximately $78,000. BNP Paribas Arbitrage SA grew its holdings in Unitil by 196.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,037 shares of the utilities provider’s stock worth $165,000 after acquiring an additional 2,013 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Unitil in the 1st quarter valued at approximately $169,000. Institutional investors and hedge funds own 67.04% of the company’s stock.

Shares of Unitil stock traded up $0.85 during midday trading on Wednesday, reaching $60.88. The company had a trading volume of 1,111 shares, compared to its average volume of 54,435. The stock has a fifty day moving average price of $59.34 and a 200 day moving average price of $57.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.69 and a quick ratio of 0.64. The firm has a market cap of $889.62 million, a PE ratio of 27.15, a P/E/G ratio of 5.89 and a beta of 0.09. Unitil Co. has a fifty-two week low of $46.21 and a fifty-two week high of $62.01.

Unitil (NYSE:UTL) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Unitil had a net margin of 9.84% and a return on equity of 9.57%. The business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $85.00 million. As a group, sell-side analysts forecast that Unitil Co. will post 2.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, August 14th. Unitil’s dividend payout ratio is currently 66.37%.

UTL has been the topic of a number of recent research reports. Janney Montgomery Scott lowered shares of Unitil from a “buy” rating to a “neutral” rating and set a $59.79 price target on the stock. in a report on Friday, June 28th. Zacks Investment Research upgraded Unitil from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a report on Saturday, July 20th. Finally, ValuEngine lowered Unitil from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.

Unitil Company Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. 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, portions of southern Maine to the Lewiston-Auburn area, and in the greater Fitchburg area of north central Massachusetts.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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