Annex Advisory Services LLC Sells 5,303 Shares of Unitil Co. (NYSE:UTL)

Annex Advisory Services LLC reduced its stake in Unitil Co. (NYSE:UTL) by 25.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,718 shares of the utilities provider’s stock after selling 5,303 shares during the period. Annex Advisory Services LLC owned approximately 0.10% of Unitil worth $952,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings 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 buying an additional 1,319 shares in the last quarter. SG Americas Securities LLC purchased a new position in Unitil during the second quarter valued at approximately $181,000. AQR Capital Management LLC bought a new stake in Unitil during the 2nd quarter worth approximately $208,000. BOKF NA purchased a new stake in Unitil in the 2nd quarter worth approximately $235,000. Finally, Everence Capital Management Inc. bought a new position in Unitil in the 1st quarter valued at $243,000. 76.76% of the stock is currently owned by hedge funds and other institutional investors.

Unitil Stock Up 1.6 %

UTL opened at $58.12 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.58 and a quick ratio of 0.53. Unitil Co. has a one year low of $44.71 and a one year high of $63.52. The firm has a market capitalization of $939.80 million, a P/E ratio of 19.25 and a beta of 0.60. The company has a fifty day moving average price of $59.27 and a 200-day moving average price of $55.06.

Unitil (NYSE:UTL) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $95.70 million for the quarter, compared to analyst estimates of $94.00 million. Unitil had a return on equity of 9.74% and a net margin of 9.53%. During the same period in the prior year, the company earned $0.25 EPS. Equities research analysts expect that Unitil Co. will post 2.92 earnings per share for the current fiscal year.

Unitil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Thursday, August 15th. Unitil’s payout ratio is 56.29%.

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.