Jane Street Group LLC Purchases 21,652 Shares of Unitil Co. (NYSE:UTL)

Jane Street Group LLC raised its position in shares of Unitil Co. (NYSE:UTL) by 204.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,257 shares of the utilities provider’s stock after acquiring an additional 21,652 shares during the period. Jane Street Group LLC owned approximately 0.20% of Unitil worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates lifted its holdings in shares of Unitil by 3.3% in the 2nd quarter. Raymond James & Associates now owns 32,049 shares of the utilities provider’s stock valued at $1,660,000 after acquiring an additional 1,020 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 purchasing an additional 1,319 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of 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 purchasing an additional 1,015 shares during the period. Rhumbline Advisers increased its position in shares of Unitil by 1.9% during the 2nd quarter. Rhumbline Advisers now owns 55,027 shares of the utilities provider’s stock valued at $2,850,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Unitil by 1.6% during the 2nd quarter. Victory Capital Management Inc. now owns 20,419 shares of the utilities provider’s stock valued at $1,058,000 after purchasing an additional 319 shares during the last quarter. 76.76% of the stock is currently owned by institutional investors.

Unitil Stock Performance

Unitil stock opened at $54.11 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.82. The firm has a market capitalization of $875.99 million, a P/E ratio of 18.47 and a beta of 0.62. Unitil Co. has a 1-year low of $45.26 and a 1-year high of $63.52. The company’s 50-day moving average is $58.22 and its 200 day moving average is $57.46.

Unitil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Thursday, November 14th. Unitil’s payout ratio is presently 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.