Home Trending Stocks Why Has The Unitil (UTL) Stock Price Gained 15%?

Why Has The Unitil (UTL) Stock Price Gained 15%?

Unitil Corporation (NYSE: UTL) closed its regular trading day at $57.57 for a dollar volume change of $7.62 on Wednesday. Unitil’s stock has shown a positive weekly return of 13.71 percent, and its price has appreciated nearly 15.26% as of 04/28/21. There are 15.30 million shares of UTL stock that are owned by the public, out of which 14.74 million shares have been available to trade. The UTL stock has surged in price due to several

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Current moves:

Natural gas and electricity are delivered safely and reliably to New England homes and businesses by Unitil Corporation. A key commitment of UTL is to deliver dependable, more efficient energy to its communities and to develop people and business practices to benefit the communities it serves.

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UTL operates in Maine, New Hampshire, and Massachusetts as a holding company for public utility companies. About 107,100 customers are served by UTL’s operating utilities for electric service, while 85,600 are served by natural gas service.

In addition to the in-person meeting held yesterday at the corporate headquarters in Hampton, New Hampshire, and online via live webcast, Unitil also had a conference call with shareholders.

  • UTL shareholders elected Suzanne Foster, Thomas P. Meissner, Jr., and Justine Vogel to the Board of Directors for a three-year term.
  • Shareholders of UTL also approved Deloitte & Touche, LLP as the independent registered public accountants for the company through 2021.
  • Furthermore, the mandatory shareholder advisory vote concerning executive compensation, referred to as a say-on pay vote, was approved by over 94% of UTL shareholders.

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Addition to S&P Dow Jones Small-Cap 600:

Before the opening of trading on Monday, May 3 the S&P Dow Jones Indices will make certain changes to the Mid-Cap 400 and Small-Cap 600. Those changes include the addition of Unitil (UTL) to the S&P SmallCap 600. UTL will replace Waddell & Reed Financial Inc. (NYSE: WDR).

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