California Public Employees Retirement System Trims Stake in Unitil Co. (UTL)

California Public Employees Retirement System lowered its holdings in shares of Unitil Co. (NYSE:UTL) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,034 shares of the utilities provider’s stock after selling 200 shares during the period. California Public Employees Retirement System owned approximately 0.05% of Unitil worth $407,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UTL. PNC Financial Services Group Inc. boosted its holdings in Unitil by 33.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,270 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 321 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Unitil by 46.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 10,888 shares of the utilities provider’s stock valued at $554,000 after purchasing an additional 3,459 shares during the last quarter. Man Group plc raised its position in shares of Unitil by 9.6% in the 3rd quarter. Man Group plc now owns 83,168 shares of the utilities provider’s stock valued at $4,233,000 after purchasing an additional 7,271 shares during the last quarter. BlackRock Inc. raised its position in shares of Unitil by 1.7% in the 3rd quarter. BlackRock Inc. now owns 1,152,457 shares of the utilities provider’s stock valued at $58,660,000 after purchasing an additional 18,939 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Unitil by 9.1% in the 4th quarter. Victory Capital Management Inc. now owns 37,947 shares of the utilities provider’s stock valued at $1,922,000 after purchasing an additional 3,168 shares during the last quarter. 65.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of UTL stock traded up $0.24 on Wednesday, reaching $54.14. 4 shares of the company’s stock traded hands, compared to its average volume of 31,233. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 1.11. Unitil Co. has a 12-month low of $45.43 and a 12-month high of $55.75. The company has a market capitalization of $814.78 million, a price-to-earnings ratio of 24.20, a P/E/G ratio of 5.15 and a beta of 0.08.

Unitil (NYSE:UTL) last issued its earnings results on Thursday, January 31st. The utilities provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $125.60 million for the quarter, compared to the consensus estimate of $120.10 million. Unitil had a return on equity of 9.49% and a net margin of 7.43%. On average, sell-side analysts predict that Unitil Co. will post 2.31 EPS for the current year.

UTL has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Unitil from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Bank of America reiterated an “underperform” rating and set a $51.00 price target (up previously from $48.00) on shares of Unitil in a report on Friday, February 1st.

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About Unitil

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. 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, portions of southern Maine to the Lewiston-Auburn area, and in the greater Fitchburg area of north central Massachusetts.

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Institutional Ownership by Quarter for Unitil (NYSE:UTL)

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