Stock price decreases following Unitil's sale of 1.39 million shares at $46.65 apiece
Unitil Corporation (NYSE: UTL), a public utility holding company, has recently completed a public offering of 1.6 million shares of common stock at $46.65 per share, raising approximately $74.75 million. The proceeds are intended for equity capital contributions to its regulated utility subsidiaries, repayment of outstanding debt, and general corporate purposes.
The offering, which was previously announced, is expected to close on August 18. The public offering price for Unitil Corporation's common stock remains at $46.65 per share. The underwriters have been granted an option to purchase up to an additional 209,003 shares of common stock, if necessary.
Financially, Unitil reported net income of $46.9 million for the trailing twelve months (TTM) with revenue of about $493.8 million. This reflects a slight revenue decline compared to the previous year but an increase in earnings. The company’s earnings per share (EPS) is approximately 2.91, with a price-to-earnings (P/E) ratio around 16.56 and a forward P/E of 14.33. The dividend is $1.80 per share with a yield of about 3.66%, and the recent ex-dividend date was August 14, 2025.
Stock price performance shows some volatility, with the shares hitting a 52-week low of $47.05 shortly after the offering, closing most recently near $48.21. Analysts currently have a "Hold" rating on the stock with a 12-month price target around $55, implying potential moderate appreciation.
Unitil’s recent quarterly EPS was $0.29, slightly beating consensus estimates. Key financial ratios include a debt-to-equity of 1.19 and a return on equity near 9.46%.
Unitil operates as a public utility holding company distributing electricity and natural gas primarily in southeastern New Hampshire, portions of Massachusetts, and southern/central Maine.
In a related development, Unitil Corporation has reaffirmed its 2025 earnings guidance. The company also announced that there is a Q2 2025 Earnings Call Presentation available for interested parties.
During post-market trading following the announcement, Unitil Corporation's shares fell 4.7% to $46.80. Historical earnings data for Unitil Corporation is accessible.
Sources: 1. Unitil Corporation Announces Pricing of Public Offering of Common Stock 2. Unitil Corporation (UTL) Q2 2025 Earnings Call Transcript 3. Unitil Corporation's Offering Closes, Raising $74.75 Million 4. Seeking Alpha Provides a Quant Rating on Unitil Corporation 5. Unitil Corporation's Earnings Guidance for 2025 Remains Unchanged
Investing in Unitil Corporation (NYSE: UTL) after their recent public offering could possibly yield moderate appreciation, as analysts have a "Hold" rating on the stock with a 12-month price target around $55. The proceeds from the offering, intended for various business purposes including repayment of debt, might positively impact the financial health of the company.
As a public utility holding company, Unitil Corporation distributes electricity and natural gas in several regions, making it an interesting investment opportunity for those interested in the finance and business sectors.
