Public Sector Pension Investment Board Has $2.08 Million Holdings in Unitil Co. (NYSE:UTL)

Public Sector Pension Investment Board trimmed its position in shares of Unitil Co. (NYSE:UTL) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,266 shares of the utilities provider’s stock after selling 1,300 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of Unitil worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Unitil by 402.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,647 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 1,319 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Unitil in the 2nd quarter valued at $181,000. AQR Capital Management LLC bought a new stake in Unitil in the second quarter worth $208,000. BOKF NA acquired a new position in Unitil during the second quarter worth $235,000. Finally, Panagora Asset Management Inc. raised its holdings in Unitil by 25.1% during the second quarter. Panagora Asset Management Inc. now owns 5,064 shares of the utilities provider’s stock valued at $262,000 after buying an additional 1,015 shares in the last quarter. Institutional investors own 76.76% of the company’s stock.

Unitil Stock Performance

UTL opened at $58.39 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.91. The company has a market cap of $945.33 million, a PE ratio of 19.93 and a beta of 0.62. The stock has a 50-day moving average of $58.99 and a 200-day moving average of $57.05. Unitil Co. has a 52-week low of $45.26 and a 52-week high of $63.52.

Unitil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a dividend of $0.425 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.70 dividend on an annualized basis and a yield of 2.91%. 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.