What’s in Unitil Corporation (NYSE:UTL) After Decline in Shorted Shares?

June 13, 2018 - By Henry Gaston

Unitil Corporation (NYSE:UTL) Logo

Investors sentiment increased to 1.58 in Q1 2018. Its up 0.06, from 1.52 in 2017Q4. It improved, as 11 investors sold Unitil Corporation shares while 34 reduced holdings. 19 funds opened positions while 52 raised stakes. 9.17 million shares or 2.18% more from 8.97 million shares in 2017Q4 were reported.
Chicago Equity Prns Ltd invested 0.02% in Unitil Corporation (NYSE:UTL). National Bank & Trust Of America Corp De holds 0% or 55,575 shares in its portfolio. Illinois-based First Trust Advsr Ltd Partnership has invested 0% in Unitil Corporation (NYSE:UTL). Balyasny Asset Mngmt Llc accumulated 0% or 17,752 shares. Ajo L P holds 0.02% or 100,778 shares. Hennessy Inc invested in 49,198 shares or 0.08% of the stock. Price T Rowe Md invested in 5,467 shares or 0% of the stock. Globeflex L P holds 0.2% of its portfolio in Unitil Corporation (NYSE:UTL) for 20,850 shares. 13,708 were accumulated by Rhumbline Advisers. Legal & General Pcl accumulated 2,716 shares or 0% of the stock. Bancshares Of Montreal Can invested in 5,906 shares. Cubist Systematic Strategies Lc has 4,320 shares for 0.01% of their portfolio. Federated Invsts Pa holds 0% in Unitil Corporation (NYSE:UTL) or 772 shares. Moreover, Boston Prns has 0% invested in Unitil Corporation (NYSE:UTL). Great West Life Assurance Can invested 0% in Unitil Corporation (NYSE:UTL).

The stock of Unitil Corporation (NYSE:UTL) registered a decrease of 4.94% in short interest. UTL’s total short interest was 94,200 shares in June as published by FINRA. Its down 4.94% from 99,100 shares, reported previously. With 54,400 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 0.68%.

The stock decreased 1.02% or $0.5 during the last trading session, reaching $48.65. About 24,573 shares traded. Unitil Corporation (NYSE:UTL) has risen 1.02% since June 13, 2017 and is uptrending. It has underperformed by 11.55% 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 $723.00 million. It operates through three divisions: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. It has a 23.65 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 2 analysts covering Unitil (NYSE:UTL), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Unitil had 3 analyst reports since December 18, 2017 according to SRatingsIntel. Bank of America downgraded the shares of UTL in report on Friday, April 13 to “Sell” rating. The firm has “Buy” rating by Janney Capital given on Tuesday, December 26.

Another recent and important Unitil Corporation (NYSE:UTL) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows UNITIL, Park Electrochemical, Financial Institutions, Guaranty, Marin Software, and Alpha and …” on May 25, 2018.

Unitil Corporation (NYSE:UTL) Institutional Positions Chart

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