Park National Corp OH boosted its position in Chesapeake Utilities Co. (NYSE:CPK) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,620 shares of the utilities provider’s stock after buying an additional 235 shares during the period. Park National Corp OH’s holdings in Chesapeake Utilities were worth $320,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in CPK. Prudential Financial Inc. increased its stake in shares of Chesapeake Utilities by 70.6% in the third quarter. Prudential Financial Inc. now owns 51,149 shares of the utilities provider’s stock valued at $3,123,000 after buying an additional 21,160 shares in the last quarter. Sei Investments Co. increased its stake in shares of Chesapeake Utilities by 3,095.5% in the third quarter. Sei Investments Co. now owns 3,547 shares of the utilities provider’s stock valued at $216,000 after buying an additional 3,436 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Chesapeake Utilities by 11.0% in the third quarter. UBS Asset Management Americas Inc. now owns 9,100 shares of the utilities provider’s stock valued at $556,000 after buying an additional 900 shares in the last quarter. M&T Bank Corp increased its stake in shares of Chesapeake Utilities by 3.0% in the third quarter. M&T Bank Corp now owns 14,993 shares of the utilities provider’s stock valued at $915,000 after buying an additional 431 shares in the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Chesapeake Utilities by 1.9% in the third quarter. CIBC World Markets Inc. now owns 7,837 shares of the utilities provider’s stock valued at $479,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 56.97% of the company’s stock.
Chesapeake Utilities Co. (NYSE:CPK) opened at 71.50 on Friday. The firm has a 50-day moving average of $69.12 and a 200-day moving average of $65.69. Chesapeake Utilities Co. has a one year low of $56.56 and a one year high of $71.85. The company has a market cap of $1.17 billion, a PE ratio of 25.00 and a beta of 0.20.
Chesapeake Utilities (NYSE:CPK) last posted its earnings results on Monday, February 27th. The utilities provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. Chesapeake Utilities had a net margin of 8.98% and a return on equity of 11.34%. The business had revenue of $141.90 million for the quarter, compared to the consensus estimate of $116.70 million. During the same period last year, the company earned $0.56 EPS. The firm’s revenue was up 35.7% compared to the same quarter last year. On average, analysts predict that Chesapeake Utilities Co. will post $3.15 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th were given a $0.305 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.71%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 45.19%.
Separately, Zacks Investment Research cut shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Friday, March 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Chesapeake Utilities presently has an average rating of “Hold” and an average target price of $68.60.
In other news, insider Jeffry M. Householder sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $68.73, for a total value of $96,222.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John R. Schimkaitis sold 2,125 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $68.70, for a total transaction of $145,987.50. The disclosure for this sale can be found here. Insiders sold a total of 4,118 shares of company stock worth $283,720 in the last 90 days. Corporate insiders own 5.36% of the company’s stock.
Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.
Receive News & Ratings for Chesapeake Utilities Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities Co. and related companies with MarketBeat.com's FREE daily email newsletter.