Victory Capital Management Inc. Sells 3,601 Shares of Unitil Co. (NYSE:UTL)

Victory Capital Management Inc. reduced its position in shares of Unitil Co. (NYSE:UTL) by 17.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,818 shares of the utilities provider’s stock after selling 3,601 shares during the period. Victory Capital Management Inc.’s holdings in Unitil were worth $1,019,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Unitil by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 492,473 shares of the utilities provider’s stock valued at $25,505,000 after purchasing an additional 2,891 shares in the last quarter. Renaissance Technologies LLC raised its position in Unitil by 0.9% in the second quarter. Renaissance Technologies LLC now owns 464,851 shares of the utilities provider’s stock worth $24,075,000 after acquiring an additional 4,100 shares during the period. Dimensional Fund Advisors LP raised its position 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 acquiring an additional 5,790 shares during the period. Boston Trust Walden Corp raised its position in Unitil by 1.1% in the second quarter. Boston Trust Walden Corp now owns 403,482 shares of the utilities provider’s stock worth $20,896,000 after acquiring an additional 4,224 shares during the period. Finally, Principal Financial Group Inc. raised its position in Unitil by 2.1% in the third quarter. Principal Financial Group Inc. now owns 81,392 shares of the utilities provider’s stock worth $4,931,000 after acquiring an additional 1,659 shares during the period. 76.76% of the stock is owned by institutional investors.

Unitil Stock Performance

Shares of UTL stock opened at $59.77 on Thursday. The firm has a market cap of $967.68 million, a price-to-earnings ratio of 20.40 and a beta of 0.61. 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 Co. has a 52 week low of $45.26 and a 52 week high of $63.52. The firm’s 50-day simple moving average is $59.14 and its two-hundred day simple moving average is $56.83.

Unitil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, November 14th. Unitil’s dividend payout ratio is 58.02%.

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.