Teachers Retirement System of The State of Kentucky Has $1.70 Million Holdings in Unitil Co. (NYSE:UTL)

Teachers Retirement System of The State of Kentucky boosted its position in shares of Unitil Co. (NYSE:UTL) by 474.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,975 shares of the utilities provider’s stock after purchasing an additional 23,105 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Unitil were worth $1,695,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in Unitil by 6.1% in the 3rd quarter. State Street Corp now owns 723,587 shares of the utilities provider’s stock worth $43,835,000 after purchasing an additional 41,511 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Unitil by 3.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 511,814 shares of the utilities provider’s stock valued at $31,006,000 after acquiring an additional 19,341 shares during the period. Renaissance Technologies LLC boosted its position in shares of Unitil by 0.9% during the second quarter. Renaissance Technologies LLC now owns 464,851 shares of the utilities provider’s stock worth $24,075,000 after purchasing an additional 4,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Unitil by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 442,132 shares of the utilities provider’s stock worth $22,898,000 after acquiring an additional 5,790 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Unitil by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 381,658 shares of the utilities provider’s stock valued at $23,126,000 after purchasing an additional 11,324 shares during the period. Institutional investors own 76.76% of the company’s stock.

Unitil Stock Down 0.9 %

Shares of UTL stock opened at $55.94 on Wednesday. The firm has a fifty day moving average of $58.67 and a 200-day moving average of $57.37. The company has a market capitalization of $905.67 million, a price-to-earnings ratio of 19.09 and a beta of 0.62. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Unitil Co. has a 12-month low of $45.26 and a 12-month high of $63.52.

Unitil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.04%. Unitil’s payout ratio is presently 58.02%.

Unitil 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.