Jane Street Group LLC Increases Stake in Unitil Co. (NYSE:UTL)

Jane Street Group LLC increased its holdings in Unitil Co. (NYSE:UTL) by 204.2% in the third quarter, Holdings Channel reports. The fund owned 32,257 shares of the utilities provider’s stock after purchasing an additional 21,652 shares during the quarter. Jane Street Group LLC’s holdings in Unitil were worth $1,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UTL. Allspring Global Investments Holdings LLC boosted its position in Unitil by 402.1% during the 2nd 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 in the last quarter. Millburn Ridgefield Corp bought a new stake in Unitil during the third quarter valued at about $137,000. AQR Capital Management LLC purchased a new position in Unitil in the second quarter valued at about $208,000. Centiva Capital LP bought a new position in Unitil in the third quarter worth about $271,000. Finally, BOKF NA purchased a new stake in shares of Unitil during the second quarter valued at about $235,000. 76.76% of the stock is currently owned by institutional investors.

Unitil Stock Up 0.6 %

NYSE:UTL opened at $54.11 on Wednesday. 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 stock has a market capitalization of $875.99 million, a P/E ratio of 18.47 and a beta of 0.62. The company’s 50-day simple moving average is $58.22 and its 200-day simple moving average is $57.46. Unitil Co. has a fifty-two week low of $45.26 and a fifty-two week high of $63.52.

Unitil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, November 14th. Unitil’s dividend payout ratio is currently 58.02%.

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.