Chesapeake Utilities Corporation (NYSE:CPK)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $83.50 and last traded at $81.80, with a volume of 30100 shares changing hands. The stock had previously closed at $81.55.
Several research firms have recently issued reports on CPK. Sidoti began coverage on shares of Chesapeake Utilities Corporation in a report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 target price for the company. Zacks Investment Research upgraded shares of Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Tuesday, November 14th. Finally, BidaskClub upgraded shares of Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $76.40.
The company has a market cap of $1,340.00, a price-to-earnings ratio of 30.32, a PEG ratio of 4.76 and a beta of 0.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.44.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.325 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.30 annualized dividend and a dividend yield of 1.59%. Chesapeake Utilities Corporation’s payout ratio is 48.51%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its holdings in Chesapeake Utilities Corporation by 11.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 148 shares during the last quarter. Pitcairn Co. purchased a new position in Chesapeake Utilities Corporation in the 3rd quarter worth approximately $201,000. Chevy Chase Trust Holdings Inc. purchased a new position in Chesapeake Utilities Corporation in the 3rd quarter worth approximately $207,000. Victory Capital Management Inc. raised its holdings in Chesapeake Utilities Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,663 shares of the utilities provider’s stock worth $200,000 after acquiring an additional 398 shares during the last quarter. Finally, Symons Capital Management Inc. purchased a new position in Chesapeake Utilities Corporation in the 3rd quarter worth approximately $223,000. Institutional investors own 60.48% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Chesapeake Utilities Corporation (CPK) Hits New 1-Year High at $83.50” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/21/chesapeake-utilities-corporation-cpk-hits-new-1-year-high-at-83-50.html.
About Chesapeake Utilities Corporation
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 Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities Corporation and related companies with MarketBeat.com's FREE daily email newsletter.