What’s Ahead for Unitil Corporation (NYSE:UTL) After Less Shorted Shares?

June 13, 2018 - By Louis Casey

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.
716,425 were reported by Renaissance Technology Limited Liability Co. The New York-based Dalton Greiner Hartman Maher & has invested 0.18% in Unitil Corporation (NYSE:UTL). Parametric Portfolio Assoc Ltd Liability Corp stated it has 0.01% in Unitil Corporation (NYSE:UTL). California Public Employees Retirement Systems accumulated 9,029 shares or 0% of the stock. 49,989 were accumulated by Tiaa Cref Investment Mgmt Limited Liability. Deutsche Bank Ag holds 0% in Unitil Corporation (NYSE:UTL) or 39,385 shares. Chicago Equity Ptnrs Lc has 10,345 shares. Cornercap Inv Counsel has invested 0.11% in Unitil Corporation (NYSE:UTL). Advisory Service Networks Limited Liability Corp stated it has 1,562 shares or 0.01% of all its holdings. Ny State Common Retirement Fund holds 0% or 15,700 shares. Credit Suisse Ag stated it has 0% of its portfolio in Unitil Corporation (NYSE:UTL). Gabelli Funds Ltd Llc, New York-based fund reported 72,125 shares. Benjamin F Edwards holds 0.01% or 1,783 shares. 86,268 were reported by Schwab Charles Investment Mngmt. Aristotle Capital Boston Ltd Liability Company holds 199,950 shares.

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. The firm has “Sell” rating given on Friday, April 13 by Bank of America. The firm earned “Buy” rating on Tuesday, December 26 by Janney Capital.

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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