Raymond James Financial Inc. Takes $2.08 Million Position in Unitil Co. (NYSE:UTL)

Raymond James Financial Inc. acquired a new position in shares of Unitil Co. (NYSE:UTL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 38,430 shares of the utilities provider’s stock, valued at approximately $2,082,000. Raymond James Financial Inc. owned 0.24% of Unitil as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UTL. Wernau Asset Management Inc. acquired a new position in shares of Unitil in the 4th quarter valued at $2,673,000. Barclays PLC grew its stake in Unitil by 139.7% in the third quarter. Barclays PLC now owns 32,834 shares of the utilities provider’s stock valued at $1,989,000 after acquiring an additional 19,134 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Unitil in the fourth quarter worth about $451,000. ExodusPoint Capital Management LP acquired a new stake in shares of Unitil during the fourth quarter worth about $441,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Unitil during the 4th quarter valued at about $385,000. Institutional investors own 76.76% of the company’s stock.

Unitil Trading Down 0.3 %

UTL opened at $58.79 on Thursday. The firm’s fifty day simple moving average is $56.83 and its 200 day simple moving average is $56.57. The stock has a market capitalization of $955.10 million, a P/E ratio of 20.06 and a beta of 0.58. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.25. Unitil Co. has a 12 month low of $48.94 and a 12 month high of $63.52.

Analyst Ratings Changes

Separately, Guggenheim restated a “neutral” rating and set a $55.00 target price on shares of Unitil in a report on Wednesday, February 12th.

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.