UNITIL is a public utility holding company. Through its subsidiaries, Co. distributes electricity and natural gas to customers in New Hampshire, Massachusetts and Maine. Co.'s distribution utilities include: Unitil Energy Systems, Inc., which provides electric service in the southeastern seacoast and state capital regions of New Hampshire; Fitchburg Gas and Electric Light Company, which provides both electric and natural gas service in the greater Fitchburg area of north central Massachusetts; and Northern Utilities, Inc., which provides natural gas service in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland. We show 57 historical shares outstanding datapoints in our UTL shares outstanding history coverage, used to compute UTL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing UTL market cap history over the course of time is important for investors
interested in comparing UTL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of UTL versus a peer is one thing; comparing
UTL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like UTL can fluctuate over the course of history.
With this page we aim to empower investors researching UTL by allowing them to research the UTL market cap history. |
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Video: The Importance of Market Cap
