Unitil’s (UTL) “Neutral” Rating Reaffirmed at Guggenheim

Unitil (NYSE:UTL)‘s stock had its “neutral” rating reissued by analysts at Guggenheim in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $55.00 target price on the utilities provider’s stock. Guggenheim’s price target indicates a potential downside of 1.01% from the company’s previous close.

Unitil Price Performance

Shares of UTL traded down $0.61 during trading hours on Wednesday, hitting $55.56. 6,804 shares of the company were exchanged, compared to its average volume of 52,334. The company has a market capitalization of $899.52 million, a PE ratio of 18.96 and a beta of 0.63. 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 fifty day simple moving average of $54.47 and a 200-day simple moving average of $57.59. Unitil has a one year low of $45.26 and a one year high of $63.52.

Institutional Investors Weigh In On Unitil

Several large investors have recently modified their holdings of UTL. US Bancorp DE boosted its stake in shares of Unitil by 8,333.3% during the 4th quarter. US Bancorp DE now owns 2,024 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 2,000 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of Unitil in the third quarter worth $137,000. AQR Capital Management LLC acquired a new stake in shares of Unitil in the second quarter worth $208,000. Centiva Capital LP acquired a new stake in shares of Unitil in the third quarter worth $271,000. Finally, Pictet Asset Management Holding SA boosted its position in shares of Unitil by 32.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,374 shares of the utilities provider’s stock worth $291,000 after buying an additional 1,304 shares during the period. 76.76% of the stock is owned by institutional investors.

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.