RBC Capital Maintains Unitil (UTL) Sector Perform Recommendation
Fintel reports that on September 6, 2023, RBC Capital maintained coverage of Unitil (NYSE:UTL) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 14.58% Upside
As of August 31, 2023, the average one-year price target for Unitil is 55.08. The forecasts range from a low of 48.48 to a high of $60.90. The average price target represents an increase of 14.58% from its latest reported closing price of 48.07.
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The projected annual revenue for Unitil is 537MM, a decrease of 9.75%. The projected annual non-GAAP EPS is 2.75.
Unitil Declares $0.40 Dividend
On July 26, 2023 the company declared a regular quarterly dividend of $0.40 per share ($1.62 annualized). Shareholders of record as of August 14, 2023 received the payment on August 28, 2023. Previously, the company paid $0.40 per share.
At the current share price of $48.07 / share, the stock's dividend yield is 3.37%.