Unitil Corp Stock Research

Market Summary

USD53.78+1.81

Market Closed

3.48%

UTL Stock Price

UTL RSI Chart

UTL Valuation

Market Cap

865.1M

Price/Earnings (Trailing)

19.66

Price/Sales (Trailing)

1.46

EV/EBITDA

10.21

Price/Free Cashflow

-19.22

UTL Price/Sales (Trailing)

UTL Profitability

EBT Margin

9.34%

Return on Equity

8.85%

Return on Assets

2.6%

Free Cashflow Yield

-5.2%

UTL Fundamentals

UTL Revenue

Revenue (TTM)

590.8M

Revenue Y/Y

14.33%

Revenue Q/Q

36.35%

UTL Earnings

Earnings (TTM)

44.0M

Earnings Y/Y

12.09%

Earnings Q/Q

66.21%

Price Action

52 Week Range

44.3360.59

(Low)(High)

Last 7 days

1.1%

Last 30 days

-2.8%

Last 90 days

-1.3%

Trailing 12 Months

-5.5%

UTL Financial Health

Current Ratio

0.75

Debt/Equity

1.07

Debt/Cashflow

0.19

UTL Investor Care

Dividend Yield

2.93%

Dividend/Share (TTM)

1.58

Shares Dilution (1Y)

0.41%

Diluted EPS (TTM)

2.75

Peers (Alternatives to Unitil)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ED	32.6B	16.0B	-6.41%	-5.34%	13.08	2.03	13.91%	73.64%
PEG	31.7B	11.2B	-3.43%	-10.24%	30.71	3.23	22.92%	278.74%
WEC	27.5B	9.6B	-7.64%	-15.04%	19.49	2.87	12.24%	8.56%
AEE	21.3B	8.1B	-8.44%	-11.38%	19.75	2.62	21.37%	8.44%
CMS	17.0B	8.5B	-3.86%	-16.23%	24.74	2	10.61%	-49.30%
NI	11.1B	5.9B	-4.84%	-13.31%	15.56	1.86	13.70%	-0.82%
MID-CAP
UGI	5.9B	9.8B	-12.99%	-36.06%	-9.7	0.6	8.37%	-140.17%
BKH	4.2B	2.6B	-3.32%	-16.54%	16.37	1.66	23.85%	-2.27%
NWE	3.4B	1.5B	-2.11%	-3.83%	18.48	2.24	12.58%	1.94%
AVA	3.1B	1.8B	-4.79%	-1.56%	22.75	1.79	16.29%	-8.24%
SJW	2.4B	633.7M	1.83%	23.65%	32.2	3.83	8.66%	32.50%
SMALL-CAP
MSEX	1.4B	164.4M	15.28%	-4.86%	32.76	8.56	11.99%	-13.27%
UTL	865.1M	590.8M	-2.85%	-5.46%	19.66	1.46	12.08%	13.70%
GNE	278.1M	343.0M	-7.07%	76.65%	2.8	0.76	3.38%	82.31%

Financials for Unitil

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	4.9%	591	563	542	529	527
EBITDA	-0.3%	79.00	79.00	78.00	78.00	-
EBITDA Margin	-4.1%	0.14*	0.15*	0.15*	0.15*	-
Earnings Before Taxes	6.7%	56.00	53.00	53.00	53.00	51.00
EBT Margin	-4.6%	0.09*	0.10*	0.10*	0.10*	-
Interest Expenses	7.7%	28.00	26.00	26.00	26.00	26.00
Net Income	6.3%	44.00	41.00	41.00	41.00	39.00
Net Income Margin	-3.9%	0.07*	0.08*	0.08*	0.07*	-
Free Cahsflow	-14.0%	-24.40	-21.40	-23.40	-27.10	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	1.5%	1,615	1,590	1,579	1,547	1,552
Current Assets	1.6%	198	195	151	139	163
Cash Equivalents	-24.4%	7.00	9.00	8.00	5.00	7.00
Current Liabilities	-2.5%	254	260	194	155	158
. Short Term Borrowings	20.9%	140	116	72.00	46.00	64.00
Long Term Debt	-0.4%	501	503	505	-	-
LT Debt, Current	0%	7.00	7.00	8.00	8.00	8.00
LT Debt, Non Current	-0.2%	488	489	493	495	497
Shareholder's Equity	4.0%	486	468	459	464	465
Retained Earnings	13.3%	150	133	124	130	131
Shares Outstanding	0.3%	16.00	16.00	16.00	16.00	16.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-14.1%	84.00	98.00	95.00	94.00	89.00
Cashflow From Investing	-5.6%	-128	-122	-116	-117	-116
Cashflow From Financing	68.4%	45.00	27.00	21.00	24.00	28.00
Dividend Payments	0.8%	25.00	25.00	25.00	25.00	24.00

Risks for UTL

What is the probability of a big loss on UTL?

60%

Probability that Unitil stock will be more than 20% underwater in next one year

24.6%

Probability that Unitil stock will be more than 30% underwater in next one year.

10.8%

Probability that Unitil stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does UTL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Unitil was unfortunately bought at previous high price.

Drawdowns

Returns for UTL

Cumulative Returns on UTL

10.0%

10-Year Cumulative Returns

7.0%

7-Year Cumulative Returns

5.1%

5-Year Cumulative Returns

6.7%

3-Year Cumulative Returns

What are the long-term rolling returns for UTL?

FIve years rolling returns for Unitil.

Annualized Returns

Which funds bought or sold UTL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	new	-	219,148	219,148	-%
2023-05-25	Legato Capital Management LLC	new	-	212,987	212,987	0.04%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-1.22	522,080	5,897,080	-%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-8.49	82,036	5,098,010	0.01%
2023-05-18	JPMORGAN CHASE & CO	added	39.77	7,162,000	20,129,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-56.03	-600,000	572,000	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.42	61,000	906,000	-%
2023-05-17	Advisory Services Network, LLC	reduced	-27.7	-18,890	77,143	-%
2023-05-16	Rockefeller Capital Management L.P.	reduced	-0.09	57,000	570,000	-%
2023-05-16	JANE STREET GROUP, LLC	new	-	425,690	425,690	-%

Latest Funds Activity

Are funds buying UTL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own UTL

No. of Funds

Unitil News

Schedule 13G FIlings of Unitil

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	7.63%	1,223,085	SC 13G/A
Jan 23, 2023	blackrock inc.	18.2%	2,924,754	SC 13G/A
Feb 14, 2022	caisse de depot et placement du quebec	0.0%	0	SC 13G/A
Feb 11, 2022	renaissance technologies llc	3.72%	594,851	SC 13G/A
Feb 09, 2022	vanguard group inc	7.06%	1,127,997	SC 13G/A
Jan 27, 2022	blackrock inc.	17.4%	2,771,658	SC 13G/A
Jan 25, 2022	blackrock inc.	17.4%	2,771,658	SC 13G/A
May 07, 2021	blackrock inc.	17.6%	2,640,073	SC 13G/A
Feb 12, 2021	caisse de depot et placement du quebec	6.3%	948,469	SC 13G/A
Feb 11, 2021	renaissance technologies llc	5.02%	753,951	SC 13G/A

UTL Fair Value

Show Fair-Value

Recent SEC filings of Unitil

View All Filings

Date Filed	Form Type	Document
May 05, 2023	3	Insider Trading
May 02, 2023	8-K	Current Report
May 02, 2023	3	Insider Trading
May 02, 2023	10-Q	Quarterly Report
Apr 27, 2023	8-K	Current Report
Apr 26, 2023	8-K	Current Report
Apr 07, 2023	DEFA14A	DEFA14A
Mar 28, 2023	DEF 14A	DEF 14A
Mar 28, 2023	ARS	ARS

Latest Insider Trading transactions for UTL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-24	Hevert Robert B	acquired	-	-	4,040	svp, cfo & treasurer
2023-01-24	Eisfeller Justin	acquired	-	-	1,940	vp, it & cto
2023-01-24	Hurstak Daniel J	acquired	-	-	1,940	cao & controller
2023-01-24	LeBlanc Christopher J	acquired	-	-	1,940	vice president
2023-01-24	WHITNEY SANDRA L	acquired	-	-	440	corporate secretary
2023-01-24	MEISSNER THOMAS P JR	acquired	-	-	13,640	chairman, president & ceo
2023-01-24	BLACK TODD R	acquired	-	-	1,940	senior vice president
2022-11-03	Awad Neveen F	acquired	13,235	46.77	283	-
2022-10-03	COLLIN MARK H	acquired	79,976	46.77	1,710	-
2022-10-03	GODFREY EDWARD F	acquired	79,976	46.77	1,710	-

About Unitil

Thomas P. Meissner

www.unitil.com

510

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Electric Operations, Utility Gas 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 107,700 electric customers and 86,600 natural gas customers. Unitil Corporation was incorporated in 1984 and is headquartered in Hampton, New Hampshire.

UTL Income Statement

2023-03-31

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Revenues
Total Operating Revenues	$ 220.2	$ 192.6
Operating Expenses
Operation and Maintenance	18.1	18.5
Depreciation and Amortization	16.7	15.5
Taxes Other Than Income Taxes	7.3	6.8
Total Operating Expenses	180.7	156.8
Operating Income	39.5	35.8
Interest Expense, Net	7.1	6.2
Other Expense (Income), Net	0.0	0.7
Income (Loss) Before Income Taxes	32.4	28.9
Provision (Benefit) for Income Taxes	8.3	7.4
Net Income	$ 24.1	$ 21.5
Net Income Per Common Share-Basic	$ 1.51	$ 1.35
Net Income Per Common Share-Diluted	$ 1.51	$ 1.35
Weighted Average Common Shares Outstanding-Basic	16.0	16.0
Weighted Average Common Shares Outstanding-Diluted	16.0	16.0
Electric
Operating Revenues
Total Operating Revenues	$ 108.2	$ 89.2
Operating Expenses
Cost of Sales	81.5	64.6
Gas
Operating Revenues
Total Operating Revenues	112.0	103.4
Operating Expenses
Cost of Sales	$ 57.1	$ 51.4

UTL Balance Sheet

2023-03-31

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 6.8	$ 9.0	$ 6.5
Accounts Receivable, Net	92.2	73.8	81.9
Accrued Revenue	71.6	72.8	56.3
Exchange Gas Receivable	4.7	18.0	0.7
Gas Inventory	0.8	1.8	0.5
Materials and Supplies	12.4	11.4	9.4
Prepayments and Other	9.4	8.0	7.8
Total Current Assets	197.9	194.8	163.1
Utility Plant:
Electric	629.9	627.5	606.7
Gas	1,055.0	1,043.6	986.3
Common	68.9	67.6	66.6
Construction Work in Progress	53.8	52.6	36.5
Total Utility Plant	1,807.6	1,791.3	1,696.1
Less: Accumulated Depreciation	466.3	459.6	436.2
Net Utility Plant	1,341.3	1,331.7	1,259.9
Other Noncurrent Assets:
Regulatory Assets	51.6	47.8	108.1
Operating Lease Right of Use Assets	5.7	4.3	4.8
Other Assets	18.2	11.8	16.4
Total Other Noncurrent Assets	75.5	63.9	129.3
TOTAL ASSETS	1,614.7	1,590.4	1,552.3
Current Liabilities:
Accounts Payable	46.3	68.6	39.0
Short-Term Debt	140.2	116.0	64.0
Long-Term Debt, Current Portion	6.7	6.7	8.2
Regulatory Liabilities	17.0	15.0	15.6
Energy Supply Obligations	10.6	24.1	6.9
Interest Payable	6.1	5.0	6.4
Environmental Obligations	0.6	0.6	0.5
Other Current Liabilities	26.0	24.1	17.1
Total Current Liabilities	253.5	260.1	157.7
Noncurrent Liabilities:
Retirement Benefit Obligations	46.8	46.8	136.3
Deferred Income Taxes, Net	171.1	163.4	135.0
Cost of Removal Obligations	120.0	116.1	109.8
Regulatory Liabilities	36.2	36.9	42.1
Environmental Obligations	4.1	3.8	2.2
Other Noncurrent Liabilities	8.6	6.6	7.3
Total Noncurrent Liabilities	386.8	373.6	432.7
Capitalization:
Long-Term Debt, Less Current Portion	488.0	489.1	496.6
Stockholders' Equity:
Common Equity (Authorized: 25,000,000 and Outstanding: 16,086,230, 16,020,047 and 16,043,355 Shares)	336.1	334.9	333.7
Retained Earnings	150.1	132.5	131.4
Total Common Stock Equity	486.2	467.4	465.1
Preferred Stock	0.2	0.2	0.2
Total Stockholders' Equity	486.4	467.6	465.3
Total Capitalization	974.4	956.7	961.9
Commitments and Contingencies (Notes 6 & 7)
TOTAL LIABILITIES AND CAPITALIZATION	$ 1,614.7	$ 1,590.4	$ 1,552.3