Unitil Announces Acquisition of Aquarion Water Companies

Unitil ( (UTL) ) has issued an update.

On May 6, 2025, Unitil Corporation announced a definitive agreement to acquire Aquarion Water Company of Massachusetts, Aquarion Water Company of New Hampshire, and Abenaki Water Co. from the Aquarion Water Authority for $100 million, including assumed debt. This acquisition, expected to close in late 2025, will expand Unitil’s operations into water utilities, serving around 23,000 customers across Massachusetts and New Hampshire. The transaction is anticipated to be earnings accretive, supporting Unitil’s long-term growth strategy. The acquisition is subject to regulatory approvals and other customary closing conditions.

The most recent analyst rating on (UTL) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Unitil stock, see the UTL Stock Forecast page.

Spark’s Take on UTL Stock

According to Spark, TipRanks’ AI Analyst, UTL is a Neutral.

Unitil demonstrates strong strategic growth through acquisitions and stable operational cash flows. However, the declining profitability and increased operational costs present notable risks. Valuation appears fair, and recent corporate events signal positive long-term growth potential.

To see Spark’s full report on UTL stock, click here.

More about Unitil

Unitil Corporation is a public utility holding company that provides electricity and natural gas services in New England, specifically in Maine, New Hampshire, and Massachusetts. The company is committed to delivering dependable and efficient energy solutions and serves approximately 109,400 electric customers and 97,600 natural gas customers.

Average Trading Volume: 64,943

Technical Sentiment Signal: Buy

Current Market Cap: $922.2M

Learn more about UTL stock on TipRanks’ Stock Analysis page.