GYL Financial Synergies LLC Invests $1.31 Million in Chesapeake Utilities Co. (NYSE:CPK) Stock

GYL Financial Synergies LLC bought a new position in shares of Chesapeake Utilities Co. (NYSE:CPK) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 14,390 shares of the utilities provider’s stock, valued at approximately $1,313,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPK. Public Employees Retirement System of Ohio boosted its stake in shares of Chesapeake Utilities by 40.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 398 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 115 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Chesapeake Utilities by 0.5% during the 1st quarter. California Public Employees Retirement System now owns 27,076 shares of the utilities provider’s stock worth $2,470,000 after acquiring an additional 129 shares in the last quarter. Cox Capital Mgt LLC boosted its stake in shares of Chesapeake Utilities by 1.3% during the 1st quarter. Cox Capital Mgt LLC now owns 10,954 shares of the utilities provider’s stock worth $999,000 after acquiring an additional 141 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Chesapeake Utilities by 8.1% during the 1st quarter. Advisor Group Inc. now owns 2,234 shares of the utilities provider’s stock worth $204,000 after acquiring an additional 167 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in shares of Chesapeake Utilities by 80.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 450 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 65.16% of the company’s stock.

CPK stock traded down $1.02 on Thursday, reaching $93.68. The company had a trading volume of 906 shares, compared to its average volume of 43,670. Chesapeake Utilities Co. has a 1 year low of $73.55 and a 1 year high of $95.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.30. The firm has a market cap of $1.51 billion, a P/E ratio of 28.64, a PEG ratio of 3.53 and a beta of 0.27.

Chesapeake Utilities (NYSE:CPK) last posted its earnings results on Wednesday, May 8th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.08. Chesapeake Utilities had a return on equity of 11.41% and a net margin of 8.27%. The firm had revenue of $227.62 million for the quarter, compared to analyst estimates of $271.10 million. On average, research analysts predict that Chesapeake Utilities Co. will post 3.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.405 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.62 dividend on an annualized basis and a yield of 1.73%. This is a positive change from Chesapeake Utilities’s previous quarterly dividend of $0.37. Chesapeake Utilities’s dividend payout ratio is presently 44.71%.

Several brokerages have recently commented on CPK. Wells Fargo & Co reissued a “hold” rating on shares of Chesapeake Utilities in a research note on Friday, May 10th. Zacks Investment Research raised Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Tuesday, May 14th. Finally, Maxim Group set a $100.00 price target on Chesapeake Utilities and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $97.31.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://sportsperspectives.com/2019/06/13/gyl-financial-synergies-llc-invests-1-31-million-in-chesapeake-utilities-co-nysecpk-stock.html.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.

Read More: Stock Symbol

Want to see what other hedge funds are holding CPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Utilities Co. (NYSE:CPK).

Institutional Ownership by Quarter for Chesapeake Utilities (NYSE:CPK)

Receive News & Ratings for Chesapeake Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities and related companies with MarketBeat.com's FREE daily email newsletter.