Victory Capital Management Inc. Has $1.02 Million Stock Holdings in Unitil Co. (NYSE:UTL)

Victory Capital Management Inc. trimmed its holdings in Unitil Co. (NYSE:UTL) by 17.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,818 shares of the utilities provider’s stock after selling 3,601 shares during the period. Victory Capital Management Inc. owned about 0.10% of Unitil worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Meritage Portfolio Management lifted its stake in shares of Unitil by 9.1% in the third quarter. Meritage Portfolio Management now owns 5,800 shares of the utilities provider’s stock valued at $351,000 after buying an additional 482 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Unitil by 2.1% in the third quarter. Principal Financial Group Inc. now owns 81,392 shares of the utilities provider’s stock valued at $4,931,000 after buying an additional 1,659 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Unitil by 1.9% in the third quarter. Assenagon Asset Management S.A. now owns 75,992 shares of the utilities provider’s stock valued at $4,604,000 after buying an additional 1,400 shares in the last quarter. Riverwater Partners LLC lifted its stake in shares of Unitil by 276.9% in the third quarter. Riverwater Partners LLC now owns 31,577 shares of the utilities provider’s stock valued at $1,884,000 after buying an additional 23,200 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of Unitil in the third quarter valued at $292,000. 76.76% of the stock is owned by institutional investors.

Unitil Stock Up 0.5 %

Unitil stock opened at $59.77 on Thursday. Unitil Co. has a 1-year low of $45.26 and a 1-year high of $63.52. The firm has a market capitalization of $967.68 million, a price-to-earnings ratio of 20.40 and a beta of 0.61. The firm’s fifty day moving average price is $59.14 and its two-hundred day moving average price is $56.83. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, November 14th. Unitil’s 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.