Unitil Corp (UTL) Files Form 4 Insider Buying : Albert H Iii Elfner Buys 500 Shares

Unitil Corp (UTL): Albert H Iii Elfner , director of Unitil Corp purchased 500 shares on May 18, 2016. The Insider buying transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $38.99 per share for a total value of $19,493.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Albert H Iii Elfner (director) purchased 500 shares at $39.46 per share price.On Mar 24, 2016, David P Brownell (director) purchased 500 shares at $41.24 per share price.Also, On Jun 4, 2015, Michael B Green (director) purchased 355 shares at $33.80 per share price.

Unitil Corporation: On Thursday, May 19, 2016 heightened volatility was witnessed in Unitil Corporation which led to swings in the share price. The shares opened for trading at $38.44 and hit $38.962 on the upside , eventually ending the session at $38.88, with a gain of 0.28% or 0.11 points. The heightened volatility saw the trading volume jump to 23,771 shares. The 52-week high of the share price is $43.29 and the company has a market cap of $546,031 M . The 52-week low of the share price is at $32.63.

Unitil Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Unitil Corporation is Upgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 38 from a previous price target of $37 .Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Apr 25, 2016.

Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the distribution of electricity and natural gas. The Company operates in three segments: utility gas operations utility electric operations and non-regulated. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capitol regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts. It has three distribution utility subsidiaries Unitil Energy which operates in New Hampshire Fitchburg which operates in Massachusetts and Northern Utilities which operates in New Hampshire and Maine.

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