BNP Paribas Financial Markets Decreases Stake in Unitil Co. (NYSE:UTL)

BNP Paribas Financial Markets lowered its position in Unitil Co. (NYSE:UTL) by 12.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,622 shares of the utilities provider’s stock after selling 904 shares during the quarter. BNP Paribas Financial Markets’ holdings in Unitil were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Unitil by 402.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,647 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 1,319 shares during the period. SG Americas Securities LLC bought a new stake in shares of Unitil in the second quarter worth $181,000. AQR Capital Management LLC bought a new stake in shares of Unitil in the second quarter worth $208,000. BOKF NA bought a new stake in shares of Unitil in the second quarter worth $235,000. Finally, Inspire Advisors LLC bought a new stake in shares of Unitil in the third quarter worth $292,000. Institutional investors own 76.76% of the company’s stock.

Unitil Stock Performance

Shares of UTL opened at $56.83 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.82. Unitil Co. has a one year low of $45.26 and a one year high of $63.52. The firm has a market capitalization of $920.08 million, a P/E ratio of 19.40 and a beta of 0.62. The business has a fifty day moving average of $58.70 and a 200 day moving average of $57.29.

Unitil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Thursday, November 14th. Unitil’s payout ratio is currently 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.