Unitil Corporation (NYSE:UTL)’s Stock Is Sell After More Market Selling

March 14, 2018 - By Vivian Park

 Unitil Corporation (NYSE:UTL)'s Stock Is Sell After More Market Selling

Investors sentiment increased to 1.64 in Q3 2017. Its up 0.28, from 1.36 in 2017Q2. It improved, as 7 investors sold Unitil Corporation shares while 32 reduced holdings. 18 funds opened positions while 46 raised stakes. 8.44 million shares or 3.00% more from 8.20 million shares in 2017Q2 were reported.
137,254 are owned by Jpmorgan Chase. Spark Inv Ltd Company has 0.08% invested in Unitil Corporation (NYSE:UTL) for 30,100 shares. Next Grp invested in 0.88% or 60,874 shares. Nationwide Fund reported 16,084 shares stake. Adage Cap Grp Inc Ltd Liability Company invested in 0.02% or 200,000 shares. New York State Common Retirement Fund holds 15,700 shares. 80 are owned by Loomis Sayles & Limited Partnership. Symphony Asset Mngmt Limited Liability has invested 0.07% of its portfolio in Unitil Corporation (NYSE:UTL). King Wealth Mgmt Gp Limited Liability Company accumulated 5,534 shares. Alliancebernstein L P holds 18,028 shares or 0% of its portfolio. Moreover, Parametric Port Ltd Liability Com has 0.01% invested in Unitil Corporation (NYSE:UTL). Oppenheimer holds 0.02% in Unitil Corporation (NYSE:UTL) or 13,553 shares. Bancshares Of Montreal Can invested 0% of its portfolio in Unitil Corporation (NYSE:UTL). Millennium Management Limited Liability Com invested in 43,072 shares. 765,571 were accumulated by Vanguard.

The stock of Unitil Corporation (NYSE:UTL) registered an increase of 16.92% in short interest. UTL’s total short interest was 123,000 shares in March as published by FINRA. Its up 16.92% from 105,200 shares, reported previously. With 63,900 shares average volume, it will take short sellers 2 days to cover their UTL’s short positions. The short interest to Unitil Corporation’s float is 0.89%.

The stock increased 0.82% or $0.36 during the last trading session, reaching $44.14. About 52,971 shares traded. Unitil Corporation (NYSE:UTL) has risen 18.00% since March 14, 2017 and is uptrending. It has outperformed by 1.30% the S&P500.

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. The company has market cap of $654.02 million. It operates through three divisions: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. It has a 21.46 P/E ratio. The firm 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, portions of southern Maine to the Lewiston-Auburn area, and in the greater Fitchburg area of north central Massachusetts.

Unitil Corporation (NYSE:UTL) Ratings Coverage

Among 3 analysts covering Unitil Corporation (NYSE:UTL), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Unitil Corporation had 9 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of UTL in report on Monday, June 5 with “Hold” rating. On Thursday, October 15 the stock rating was downgraded by Janney Capital to “Neutral”. On Sunday, September 17 the stock rating was maintained by RBC Capital Markets with “Hold”. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, October 18 report. The rating was upgraded by Janney Capital to “Buy” on Tuesday, December 26. The stock has “Buy” rating by Janney Capital on Friday, July 24. The firm has “Hold” rating given on Sunday, August 13 by RBC Capital Markets. The rating was upgraded by RBC Capital Markets on Monday, April 25 to “Sector Perform”.

More recent Unitil Corporation (NYSE:UTL) news were published by: Nasdaq.com which released: “UNITIL Corporation (UTL) Ex-Dividend Date Scheduled for February 13, 2018” on February 12, 2018. Also Globenewswire.com published the news titled: “Unitil Announces Leadership Change Effective April 25, 2018” on March 01, 2018. Streetinsider.com‘s news article titled: “Unitil Corp. (UTL) Prices 600K Common Stock Offering at $48.30/Share” with publication date: December 12, 2017 was also an interesting one.

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