
What smart money is saying about Unitil Corporation
2 funds in our archive have pitched Unitil Corporation — most recently Heartland Value Fund in June 2026.
Unitil Corporation functions as a public utility holding company, with its primary operations centered on the provision of electricity and natural gas. The company's activities are categorized into three main divisions: Utility Electric Operations, Utility Gas Operations, and Non-Regulated services. It delivers electricity to consumers in New Hampshire's southeastern coastal areas and its capital region, alongside the wider Fitchburg vicinity in north-central Massachusetts. Its natural gas services span southeastern New Hampshire, various locales within southern and central Maine (including the cities of Portland and the Lewiston-Auburn region), and also the extended Fitchburg area of north-central Massachusetts. Additionally, Unitil operates an 86-mile subterranean interstate natural gas transmission pipeline, which supplies crucial pipeline access and transportation amenities, mainly throughout Maine and New Hampshire. Beyond its core utility offerings, the corporation furnishes energy brokering and consulting services to commercial and industrial clients, alongside managing real estate assets. Currently, it caters to approximately 107,700 electricity users and 86,600 natural gas customers. Unitil Corporation was established in 1984 and is based in Hampton, New Hampshire.
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Position history
Every position in Unitil Corporation on record in the archive was reported in Q2 2026, across 2 fund letters, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 0 | 0 | 2 |
Fund activity · 2 positions
- June 2026
“Another example of us splitting from the herd is in Utilities. The sector was one of our detractors when it came to security selection during the quarter. But many of these companies have been indirect beneficiaries of the AI infrastructure buildout and have seen their valuations climb. In our opinion, it does not make sense to take on AI-related risks in this part of the market especially given current Utility valuations. An example of a traditional Utility that we favor and that is not related to AI play is Unitil (UTL) , an interstate gas and electric company that serves the northern East Coast.”
Unitil Corporation - June 2026
Listed in Heartland Advisors Value Strategy’s reported holdings.
Unitil Corporation
Fund coverage · 2 theses
- Heartland Value FundJune 2026
Unitil is an interstate gas and electric utility benefiting from natural-gas conversion trends in Maine and New Hampshire, with an attractive valuation versus peers.
Read the full thesis - Heartland Advisors Value StrategyJune 2026
Unitil is a regulated gas and electric utility benefiting from customer switching from heating oil to natural gas, supportive conversion programs, and an attractive valuation versus peers.
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