Unitil Co. (NYSE:UTL) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in Unitil Co. (NYSE:UTL) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 75,992 shares of the utilities provider’s stock after acquiring an additional 1,400 shares during the period. Assenagon Asset Management S.A.’s holdings in Unitil were worth $4,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning increased its stake in Unitil by 3.3% during the 2nd quarter. Creative Planning now owns 6,758 shares of the utilities provider’s stock worth $350,000 after buying an additional 218 shares during the period. Anchor Capital Advisors LLC increased its position in shares of Unitil by 1.2% in the 1st quarter. Anchor Capital Advisors LLC now owns 25,615 shares of the utilities provider’s stock valued at $1,341,000 after purchasing an additional 301 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Unitil by 1.6% in 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. Maryland State Retirement & Pension System increased its position in shares of Unitil by 1.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 19,555 shares of the utilities provider’s stock valued at $954,000 after purchasing an additional 365 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Unitil by 5.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 12,088 shares of the utilities provider’s stock valued at $633,000 after purchasing an additional 581 shares during the last quarter. 76.76% of the stock is currently owned by institutional investors and hedge funds.

Unitil Trading Down 1.9 %

Shares of NYSE:UTL opened at $57.87 on Wednesday. The company’s 50 day moving average is $59.45 and its two-hundred day moving average is $55.76. Unitil Co. has a 52 week low of $45.13 and a 52 week high of $63.52. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.00. The company has a market cap of $935.76 million, a PE ratio of 19.16 and a beta of 0.60.

Unitil (NYSE:UTL) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $94.00 million. Unitil had a net margin of 9.53% and a return on equity of 9.74%. During the same quarter in the prior year, the business earned $0.25 EPS. Equities analysts predict that Unitil Co. will post 2.92 earnings per share for the current fiscal year.

About Unitil

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.