Wellington Management Group LLP Buys New Shares in Unitil Co. (NYSE:UTL)

Wellington Management Group LLP purchased a new position in shares of Unitil Co. (NYSE:UTL) in the third quarter, HoldingsChannel reports. The fund purchased 23,105 shares of the utilities provider’s stock, valued at approximately $1,400,000.

Several other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Unitil by 6.1% in the third quarter. State Street Corp now owns 723,587 shares of the utilities provider’s stock worth $43,835,000 after purchasing an additional 41,511 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Unitil by 3.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 511,814 shares of the utilities provider’s stock worth $31,006,000 after buying an additional 19,341 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Unitil by 0.9% during the 2nd quarter. Renaissance Technologies LLC now owns 464,851 shares of the utilities provider’s stock valued at $24,075,000 after acquiring an additional 4,100 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Unitil by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,132 shares of the utilities provider’s stock valued at $22,898,000 after acquiring an additional 5,790 shares during the last quarter. Finally, Foundry Partners LLC boosted its holdings in shares of Unitil by 1.2% in the 3rd quarter. Foundry Partners LLC now owns 113,925 shares of the utilities provider’s stock valued at $6,902,000 after acquiring an additional 1,320 shares during the last quarter. Hedge funds and other institutional investors own 76.76% of the company’s stock.

Unitil Trading Up 0.2 %

Shares of Unitil stock opened at $54.24 on Friday. The stock has a market cap of $878.09 million, a PE ratio of 18.51 and a beta of 0.62. The firm has a fifty day moving average price of $58.57 and a 200 day moving average price of $57.37. Unitil Co. has a 1 year low of $45.26 and a 1 year high of $63.52. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.70 annualized dividend and a dividend yield of 3.13%. 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.