Unitil’s (UTL) “Neutral” Rating Reaffirmed at Guggenheim

Unitil (NYSE:UTL)‘s stock had its “neutral” rating reiterated by investment analysts at Guggenheim in a note issued to investors on Wednesday,Benzinga reports. They presently have a $55.00 price target on the utilities provider’s stock. Guggenheim’s price target indicates a potential downside of 1.01% from the company’s current price.

Unitil Stock Down 1.1 %

Shares of NYSE:UTL traded down $0.61 during midday trading on Wednesday, hitting $55.56. 6,804 shares of the stock were exchanged, compared to its average volume of 52,334. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.91. Unitil has a 52-week low of $45.26 and a 52-week high of $63.52. The business’s fifty day simple moving average is $54.47 and its two-hundred day simple moving average is $57.59. The company has a market capitalization of $899.52 million, a PE ratio of 18.96 and a beta of 0.63.

Institutional Investors Weigh In On Unitil

Several hedge funds and other institutional investors have recently made changes to their positions in UTL. AQR Capital Management LLC acquired a new stake in shares of Unitil in the second quarter valued at about $208,000. Creative Planning increased its stake in Unitil by 3.3% during the second quarter. Creative Planning now owns 6,758 shares of the utilities provider’s stock valued at $350,000 after acquiring an additional 218 shares during the period. SG Americas Securities LLC increased its stake in Unitil by 109.6% during the third quarter. SG Americas Securities LLC now owns 7,316 shares of the utilities provider’s stock valued at $443,000 after acquiring an additional 3,825 shares during the period. Ellsworth Advisors LLC bought a new position in Unitil during the third quarter valued at about $575,000. Finally, Inspire Advisors LLC bought a new position in Unitil during the third quarter valued at about $292,000. 76.76% of the stock is owned by institutional investors and hedge funds.

Unitil Company 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.