Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. 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 and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as the greater Fitchburg area of north central Massachusetts. It also operates 86 miles of interstate underground natural gas transmission pipeline that provides interstate natural gas pipeline access and transportation services primarily in Maine and New Hampshire. In addition, the company provides energy brokering and advisory services to commercial and industrial customers; and real estate management services. It serves approximately 107,100 electric customers and 85,600 natural gas customers. Unitil Corporation was founded in 1984 and is headquartered in Hampton, New Hampshire.
IPO Year: 1985
Exchange: NYSE
Website: unitil.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2023 | Neutral | Guggenheim | |
| 7/22/2022 | $53.00 → $50.00 | Neutral → Underperform | BofA Securities |
| 2/3/2022 | $45.00 → $50.00 | Underperform → Neutral | BofA Securities |
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HAMPTON, N.H., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced GAAP Net Income (Net Income) of $11 thousand, or $0.00 in Earnings Per Share (EPS), for the third quarter of 2024, a decrease of $1.4 million in Net Income, or $0.09 in EPS, compared to the third quarter of 2023. The Company's Net Income was $31.5 million, or $1.96 in EPS, for the first nine months of 2024, an increase of $1.8 million in Net Income, or $0.11 in EPS, compared to the first nine months of 2023. The Company's Adjusted Net Income (a non-GAAP financial measure1) was $0.4 million, or $0.02 in EPS for the third quarter of 2024, a decrease of $1.0 million, or $0.07 in EPS, co
HAMPTON, N.H., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.425 per share, payable November 29, 2024, to shareholders of record on November 14, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable,
HAMPTON, N.H., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) has scheduled the release of its third quarter 2024 earnings after the market closes on November 4, 2024. Unitil will host its conference call and webcast on November 5, 2024 at 10:00 a.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be availa
HAMPTON, N.H., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced Net Income of $4.3 million, or $0.27 in Earnings Per Share (EPS) for the second quarter of 2024, an increase of $0.1 million in Net Income, or $0.02 in EPS, compared to the second quarter of 2023. For the six months ended June 30, 2024, the Company reported Net Income of $31.5 million, or $1.96 in Earnings Per Share (EPS), an increase of $3.2 million in Net Income, or $0.20 in EPS, compared to the first six months of 2023. The Company's Electric and Gas GAAP Gross Margins for the second quarter of 2024 were $17.8 million and $20.5 million, respectively. For the six months ended June
HAMPTON, N.H., July 31, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.425 per share, payable August 29, 2024, to shareholders of record on August 15, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more
HAMPTON, N.H., July 23, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) has scheduled the release of its second quarter 2024 earnings before the market opens on August 6, 2024. Unitil will host its conference call and webcast later that day at 2:00 p.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be available for o
HAMPTON, N.H., May 07, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced Net Income of $27.2 million, or $1.69 in Earnings Per Share (EPS), for the quarter ended March 31, 2024, an increase of $3.1 million in Net Income, or $0.18 in EPS, compared to the same period in 2023. The Company's Electric and Gas GAAP Gross Margins were $20.1 million and $50.2 million, respectively, for the first quarter of 2024. "We continued to deliver on our commitments to stakeholders with strong operational and financial performance in the first quarter," said Thomas P. Meissner, Jr., Unitil's Chairman and Chief Executive Officer. "Our successful response to multiple winter s
HAMPTON, N.H., May 01, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.425 per share, payable May 31, 2024, to shareholders of record on May 16, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more effici
HAMPTON, N.H., April 23, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) has scheduled the release of its first quarter 2024 earnings before the market opens on May 7, 2024. Unitil will host its conference call and webcast later that day at 10:00 a.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be available for one
HAMPTON, N.H., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced Net Income of $45.2 million, or $2.82 in Earnings Per Share (EPS), for the year ended December 31, 2023, an increase of $3.8 million in Net Income, or $0.23 in EPS, compared to 2022. The Company's 2023 Electric and Gas GAAP Gross Margins were $78.1 million and $114.1 million, respectively. "We delivered strong financial and operating results in 2023 by executing on our strategies, and focusing on operational excellence and best-in-class service," said Thomas P. Meissner, Jr., Unitil's Chairman and Chief Executive Officer. "As we head into 2024, we remain focused on the issues that m
HAMPTON, N.H., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced GAAP Net Income (Net Income) of $11 thousand, or $0.00 in Earnings Per Share (EPS), for the third quarter of 2024, a decrease of $1.4 million in Net Income, or $0.09 in EPS, compared to the third quarter of 2023. The Company's Net Income was $31.5 million, or $1.96 in EPS, for the first nine months of 2024, an increase of $1.8 million in Net Income, or $0.11 in EPS, compared to the first nine months of 2023. The Company's Adjusted Net Income (a non-GAAP financial measure1) was $0.4 million, or $0.02 in EPS for the third quarter of 2024, a decrease of $1.0 million, or $0.07 in EPS, co
HAMPTON, N.H., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors has elected Jane Lewis-Raymond to the Board. The addition of a new director is part of the Board's normal succession planning process in anticipation of the upcoming retirements of directors reaching the mandatory retirement age of 75. Ms. Lewis-Raymond will stand for election to the Board by the shareholders of the Company at the next annual meeting of shareholders, which will be held in April 2025. Ms. Lewis-Raymond is principal of Hilltop Strategies, LLC ("Hilltop"), which provides strategic consulting services to senior executives in a wide variety of
HAMPTON, N.H., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.425 per share, payable November 29, 2024, to shareholders of record on November 14, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable,
HAMPTON, N.H., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today released its 2024 Corporate Sustainability and Responsibility Report (the "CSR" or the "Report"). The Report highlights the Company's 2023 successes as well as continuing initiatives in 2024, and outlines progress toward its commitment to environmental sustainability, human capital management, safety and reliability, and customer engagement. "We are pleased to highlight the key initiatives that demonstrate our deep commitment to the sustainability of our Company, our communities, and our planet," said Thomas P. Meissner, Jr., Unitil's Chairman and Chief Executive Officer. "As we transform our
HAMPTON, N.H., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) has scheduled the release of its third quarter 2024 earnings after the market closes on November 4, 2024. Unitil will host its conference call and webcast on November 5, 2024 at 10:00 a.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be availa
HAMPTON, N.H., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced Net Income of $4.3 million, or $0.27 in Earnings Per Share (EPS) for the second quarter of 2024, an increase of $0.1 million in Net Income, or $0.02 in EPS, compared to the second quarter of 2023. For the six months ended June 30, 2024, the Company reported Net Income of $31.5 million, or $1.96 in Earnings Per Share (EPS), an increase of $3.2 million in Net Income, or $0.20 in EPS, compared to the first six months of 2023. The Company's Electric and Gas GAAP Gross Margins for the second quarter of 2024 were $17.8 million and $20.5 million, respectively. For the six months ended June
HAMPTON, N.H., July 31, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.425 per share, payable August 29, 2024, to shareholders of record on August 15, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more
HAMPTON, N.H., July 23, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) has scheduled the release of its second quarter 2024 earnings before the market opens on August 6, 2024. Unitil will host its conference call and webcast later that day at 2:00 p.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be available for o
HAMPTON, N.H., July 09, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that Unitil has agreed to purchase Bangor Natural Gas Company ("Bangor") from PHC Utilities, Inc., a subsidiary of Hope Utilities, Inc., for $70.9 million on a debt-free basis, subject to customary adjustments for closing working capital and transaction expenses. Bangor's enterprise value represents a multiple of approximately 1.2 times its rate base (based on its estimated rate base as of December 31, 2023). Upon the closing of the transaction, which is expected to occur by the end of the first quarter of 2025, Bangor will become a wholly owned subsidiary of Unitil. The transact
HAMPTON, N.H., May 07, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced Net Income of $27.2 million, or $1.69 in Earnings Per Share (EPS), for the quarter ended March 31, 2024, an increase of $3.1 million in Net Income, or $0.18 in EPS, compared to the same period in 2023. The Company's Electric and Gas GAAP Gross Margins were $20.1 million and $50.2 million, respectively, for the first quarter of 2024. "We continued to deliver on our commitments to stakeholders with strong operational and financial performance in the first quarter," said Thomas P. Meissner, Jr., Unitil's Chairman and Chief Executive Officer. "Our successful response to multiple winter s
Guggenheim initiated coverage of UNITIL Corporation with a rating of Neutral
BofA Securities downgraded UNITIL Corporation from Neutral to Underperform and set a new price target of $50.00 from $53.00 previously
BofA Securities upgraded UNITIL Corporation from Underperform to Neutral and set a new price target of $50.00 from $45.00 previously
B of A Securities downgraded Unitil from Neutral to Underperform and set a new price target of $49.00
Unitil Corporation (NYSE:UTL) (unitil.com) today announced that Unitil has agreed to purchase Bangor Natural Gas Company ("Bangor") from PHC Utilities, Inc., a subsidiary of Hope Utilities, Inc., for $70.9 million on a debt-free basis, subject to customary adjustments for closing working capital and transaction expenses. Bangor's enterprise value represents a multiple of approximately 1.2 times its rate base (based on its estimated rate base as of December 31, 2023). Upon the closing of the transaction, which is expected to occur by the end of the first quarter of 2025, Bangor will become a wholly owned subsidiary of Unitil. The transaction is subject to approval by the Maine Public Util
Unitil (NYSE:UTL) reported quarterly earnings of $1.69 per share which beat the analyst consensus estimate of $1.64 by 3.05 percent. This is a 11.92 percent increase over earnings of $1.51 per share from the same period last year. The company reported quarterly sales of $178.700 million which missed the analyst consensus estimate of $212.649 million by 15.97 percent. This is a 18.85 percent decrease over sales of $220.200 million the same period last year.
Unitil (NYSE:UTL) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.95 by 2.11 percent. The company reported quarterly sales of $129.60 million which missed the analyst consensus estimate of $156.25 million by 17.06 percent. This is a 19.75 percent decrease over sales of $161.50 million the same period last year.
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Unitil (NYSE:UTL) is set to give its latest quarterly earnings report on Tuesday, 2024-02-13. Here's what investors need to know before the announcement. Analysts estimate that Unitil will report an earnings per share (EPS) of $0.93. Unitil bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.03, which was followed by a 1.07% drop in the share price the next day. Here'
Today's action increased the Company's annualized dividend by $0.08, to $1.70 per share. Also today, the Board declared the first quarter common stock dividend of $0.425 per share, payable February 29, 2024, to shareholders of record on February 14, 2024.
Unitil (NYSE:UTL) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.06 by 50 percent. This is a 200 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $103.90 million which missed the analyst consensus estimate of $116.00 million by 10.43 percent. This is a 5.72 percent decrease over sales of $110.20 million the same period last year.
Companies Reporting Before The Bell • CorEnergy Infr Tr (NYSE:CORR) is estimated to report earnings for its third quarter. • Ballard Power Systems (NASDAQ:BLDP) is expected to report quarterly loss at $0.13 per share on revenue of $26.20 million. • Melco Resorts and Enter (NASDAQ:MLCO) is likely to report quarterly earnings at $0.03 per share on revenue of $1.03 billion. • Consolidated Comms Hldgs (NASDAQ:CNSL) is expected to report quarterly loss at $0.37 per share on revenue of $274.23 million. • Sophia Genetics (NASDAQ:SOPH) is projected to report quarterly loss at $0.31 per share on revenue of $15.63 million. • Endeavor Gr Hldgs (NYSE:EDR) is estimated to report quarterly earnings
Friday's session saw 112 companies set new 52-week lows. Intriguing Points From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Hershey (NYSE:HSY). The smallest company on a market cap basis to set a new 52-week low was Ascent Solar Technologies (NASDAQ:ASTI). TOP Ships (NASDAQ:TOPS)'s stock fell the most, as it traded down 1028.56% to reach a new 52-week low. Quest Diagnostics (NYSE:DGX) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. Stocks dropping to new 52-week lows on Friday: Quest Diagnostics (NYSE:DGX) stock hit a yearly low of $122.00. The stock was 0.0% (flat) for the day. JM Smucker (NYS
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Black Hills Corporation (NYSE:BKH) Black Hills priced $450 million public debt offering 6.15% senior unsecured notes due May 15, 2034. The company’s stock has