Thrivent Financial for Lutherans Trims Position in Unitil Co. (NYSE:UTL)

Thrivent Financial for Lutherans decreased its position in shares of Unitil Co. (NYSE:UTL) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,701 shares of the utilities provider’s stock after selling 721 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Unitil worth $769,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Unitil by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,289 shares of the utilities provider’s stock worth $539,000 after acquiring an additional 669 shares during the period. Comerica Bank raised its position in shares of Unitil by 69.4% during the first quarter. Comerica Bank now owns 12,774 shares of the utilities provider’s stock valued at $669,000 after buying an additional 5,233 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in shares of Unitil by 14.4% in the second quarter. Annex Advisory Services LLC now owns 21,021 shares of the utilities provider’s stock worth $1,089,000 after buying an additional 2,641 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Unitil during the second quarter worth $181,000. Finally, Wedge Capital Management L L P NC grew its stake in Unitil by 66.0% during the second quarter. Wedge Capital Management L L P NC now owns 38,616 shares of the utilities provider’s stock valued at $2,000,000 after acquiring an additional 15,355 shares in the last quarter. Institutional investors own 76.76% of the company’s stock.

Unitil Stock Down 1.4 %

Shares of UTL stock opened at $59.08 on Wednesday. The company’s fifty day simple moving average is $59.01 and its two-hundred day simple moving average is $57.03. Unitil Co. has a 52 week low of $45.26 and a 52 week high of $63.52. The stock has a market cap of $956.51 million, a P/E ratio of 20.16 and a beta of 0.62. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a $0.425 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.88%. 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.