Annex Advisory Services LLC Increases Position in Unitil Co. (NYSE:UTL)

Annex Advisory Services LLC lifted its holdings in shares of Unitil Co. (NYSE:UTL) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,488 shares of the utilities provider’s stock after acquiring an additional 5,770 shares during the quarter. Annex Advisory Services LLC owned 0.13% of Unitil worth $1,164,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp increased its position in shares of Unitil by 6.1% during the third quarter. State Street Corp now owns 723,587 shares of the utilities provider’s stock worth $43,835,000 after acquiring an additional 41,511 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Unitil by 3.9% during the third quarter. The Manufacturers Life Insurance Company now owns 511,814 shares of the utilities provider’s stock worth $31,006,000 after acquiring an additional 19,341 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Unitil by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 442,132 shares of the utilities provider’s stock worth $22,898,000 after purchasing an additional 5,790 shares in the last quarter. Geode Capital Management LLC grew its stake in Unitil by 3.1% in the third quarter. Geode Capital Management LLC now owns 381,658 shares of the utilities provider’s stock worth $23,126,000 after purchasing an additional 11,324 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in Unitil by 1.2% in the third quarter. Foundry Partners LLC now owns 113,925 shares of the utilities provider’s stock worth $6,902,000 after purchasing an additional 1,320 shares in the last quarter. 76.76% of the stock is owned by hedge funds and other institutional investors.

Unitil Stock Up 0.1 %

NYSE:UTL opened at $54.80 on Tuesday. The company has a market capitalization of $887.23 million, a price-to-earnings ratio of 18.70 and a beta of 0.63. Unitil Co. has a one year low of $45.26 and a one year high of $63.52. The stock has a 50-day simple moving average of $56.29 and a 200 day simple moving average of $57.85. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.70 dividend on an annualized basis and a yield of 3.10%. Unitil’s dividend payout ratio (DPR) is 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.