Unitil prices public offering of 1.39M shares at $46.65 each, stock drops

Published 2 months ago Neutral
Unitil prices public offering of 1.39M shares at $46.65 each, stock drops
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* Unitil (NYSE:UTL [https://seekingalpha.com/symbol/UTL]) priced its previously announced [https://seekingalpha.com/pr/20202241-unitil-announces-pricing-of-common-stock-offering]public offering of 1,393,355 shares of its common stock at $46.65 per share.
* The public utility holding company's shares fell 4.7% to $46.80 in post-market trading.
* The offering is expected to close on August 18.
* The company (NYSE:UTL [https://seekingalpha.com/symbol/UTL]) has granted the underwriters of the offering an option to purchase up to an additional 209,003 shares of common stock at the public offering price, less underwriting discounts and commissions.

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* Unitil Corporation (UTL) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4809034-unitil-corporation-utl-q2-2025-earnings-call-transcript]
* Unitil outlines 10% annual rate base growth through 2029 while reaffirming 2025 earnings guidance [https://seekingalpha.com/news/4479039-unitil-outlines-10-percent-annual-rate-base-growth-through-2029-while-reaffirming-2025]
* Seeking Alpha’s Quant Rating on Unitil [https://seekingalpha.com/symbol/UTL/ratings/quant-ratings]
* Historical earnings data for Unitil [https://seekingalpha.com/symbol/UTL/earnings]