HighTower Advisors LLC Has $1.54 Million Stock Holdings in Unitil Co. (NYSE:UTL)

HighTower Advisors LLC trimmed its position in Unitil Co. (NYSE:UTL) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,285 shares of the utilities provider’s stock after selling 3,123 shares during the quarter. HighTower Advisors LLC owned about 0.16% of Unitil worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Unitil during the 2nd quarter worth $181,000. Raymond James & Associates boosted its stake in Unitil by 3.3% during the 2nd quarter. Raymond James & Associates now owns 32,049 shares of the utilities provider’s stock valued at $1,660,000 after purchasing an additional 1,020 shares during the period. 1620 Investment Advisors Inc. boosted its stake in Unitil by 10.0% during the 2nd quarter. 1620 Investment Advisors Inc. now owns 7,145 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 648 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Unitil by 402.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,647 shares of the utilities provider’s stock valued at $85,000 after buying an additional 1,319 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in Unitil by 25.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 5,064 shares of the utilities provider’s stock worth $262,000 after buying an additional 1,015 shares during the period. 76.76% of the stock is owned by institutional investors.

Unitil Stock Up 0.7 %

UTL opened at $56.83 on Monday. The business has a 50 day moving average of $58.70 and a 200-day moving average of $57.34. The stock has a market capitalization of $920.08 million, a price-to-earnings ratio of 19.40 and a beta of 0.62. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27. Unitil Co. has a 1-year low of $45.26 and a 1-year high of $63.52.

Unitil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders 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 annualized dividend and a yield of 2.99%. Unitil’s dividend payout ratio is 58.02%.

Unitil 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.