TSX runs higher on rate cut expectations
Investing.com - Freedom Broker lowered its price target on Unitil Corporation (NYSE:UTL) to $56.00 from $57.00 on Thursday, while maintaining a Buy rating on the utility company’s stock. The stock, currently trading near its 52-week low at $49.47, has seen a -10.66% return over the past year.
The adjustment reflects a slightly lower than expected consolidated rate base in the second quarter of 2025 and a small increase in the number of shares, which modestly impacts the firm’s valuation of the company.
Unitil delivered stable financial and operational performance in Q2 2025, despite margin pressure stemming from one-time transaction-related expenses, according to Freedom Broker’s analysis.
The utility company continues to expand through strategic acquisitions, including Bangor Natural Gas, and is preparing to finalize deals with Maine Natural Gas and Aquarion Water by year-end.
Management reaffirmed its earnings guidance and long-term growth trajectory, supported by rate base expansion, capital investment plans, and favorable regulatory developments, while maintaining its quarterly dividend at $0.45 per share.
In other recent news, Unitil Corporation announced its second-quarter earnings for 2025, reporting an adjusted earnings per share (EPS) of $0.29, which met analysts’ forecasts. The company also achieved revenue of $102.6 million, exceeding expectations by 1.58%. Despite these results, investor sentiment appeared cautious, as reflected in the stock’s performance. Analysts have not indicated any changes in their ratings for Unitil following the earnings release. The company’s financial performance continues to be closely monitored by investors and analysts alike. These recent developments highlight the ongoing focus on Unitil’s profitability and market conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.