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Unitil (NYSE:UTL) Raised to Buy at Wall Street Zen
Wall Street Zen has upgraded Unitil (NYSE:UTL) from a “Hold” to a “Buy” rating, while Weiss Ratings reissued a “Hold (C-)”, resulting in a MarketBeat consensus of “Hold”. This upgrade follows Unitil beating its quarterly earnings expectations, reporting an EPS of $1.13 against an expected $1.03 and revenues of $161.5M against $144.45M expected, with analysts projecting $3.08 EPS for the current year. Institutional investors like Vanguard, State Street, Manufacturers Life, JPMorgan, and Wellington have significantly increased their stakes, collectively owning approximately 76.76% of the stock.