Unitil Co. (NYSE:UTL) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in Unitil Co. (NYSE:UTL) by 8.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 189,331 shares of the utilities provider’s stock after selling 17,348 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Unitil were worth $11,470,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Unitil by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,289 shares of the utilities provider’s stock worth $539,000 after acquiring an additional 669 shares in the last quarter. Comerica Bank increased its stake in Unitil by 69.4% in the first quarter. Comerica Bank now owns 12,774 shares of the utilities provider’s stock valued at $669,000 after purchasing an additional 5,233 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Unitil during the 2nd quarter worth about $181,000. Wedge Capital Management L L P NC grew its stake in shares of Unitil by 66.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 38,616 shares of the utilities provider’s stock valued at $2,000,000 after buying an additional 15,355 shares during the period. Finally, Boston Trust Walden Corp raised its position in shares of Unitil by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 403,482 shares of the utilities provider’s stock worth $20,896,000 after buying an additional 4,224 shares during the period. 76.76% of the stock is owned by institutional investors and hedge funds.

Unitil Price Performance

UTL stock opened at $57.64 on Tuesday. The company has a market cap of $933.19 million, a PE ratio of 19.67 and a beta of 0.62. 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 Co. has a 12-month low of $45.26 and a 12-month high of $63.52. The stock has a 50-day moving average price of $58.90 and a two-hundred day moving average price of $57.17.

Unitil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, November 14th. Unitil’s dividend payout ratio (DPR) 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.