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 |
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
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HAMPTON, N.H., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors raised the quarterly dividend on the Company's common stock to $0.45 per share, an increase of $0.025 per share. Today's action increased the Company's annualized dividend by $0.10, to $1.80 per share. Also today, the Board declared the first quarter common stock dividend of $0.45 per share, payable February 28, 2025, to shareholders of record on February 13, 2025. 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 an
HAMPTON, N.H., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) has scheduled the release of its fourth quarter 2024 earnings after the market closes on February 10, 2025. Unitil will host its conference call and webcast on February 11, 2025 at 10:00 a.m. (ET) to review its 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., 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., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors raised the quarterly dividend on the Company's common stock to $0.45 per share, an increase of $0.025 per share. Today's action increased the Company's annualized dividend by $0.10, to $1.80 per share. Also today, the Board declared the first quarter common stock dividend of $0.45 per share, payable February 28, 2025, to shareholders of record on February 13, 2025. 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 an
HAMPTON, N.H., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) has scheduled the release of its fourth quarter 2024 earnings after the market closes on February 10, 2025. Unitil will host its conference call and webcast on February 11, 2025 at 10:00 a.m. (ET) to review its 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., 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