Wealthcare Capital Partners LLC Buys Shares of 4,469 Chesapeake Utilities Co. (NYSE:CPK)

Wealthcare Capital Partners LLC acquired a new stake in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,469 shares of the utilities provider's stock, valued at approximately $542,000.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Chesapeake Utilities by 2,018.2% during the fourth quarter. Versant Capital Management Inc now owns 233 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 222 shares during the period. Assetmark Inc. grew its position in Chesapeake Utilities by 19.2% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock worth $79,000 after buying an additional 102 shares during the last quarter. nVerses Capital LLC acquired a new position in Chesapeake Utilities in the third quarter worth approximately $99,000. GAMMA Investing LLC grew its position in Chesapeake Utilities by 64.0% in the third quarter. GAMMA Investing LLC now owns 1,038 shares of the utilities provider's stock worth $129,000 after buying an additional 405 shares during the last quarter. Finally, KBC Group NV grew its position in Chesapeake Utilities by 46.2% in the fourth quarter. KBC Group NV now owns 1,048 shares of the utilities provider's stock worth $127,000 after buying an additional 331 shares during the last quarter. Institutional investors and hedge funds own 83.11% of the company's stock.

Chesapeake Utilities Trading Down 1.1 %

Chesapeake Utilities stock traded down $1.33 during midday trading on Friday, reaching $121.68. The stock had a trading volume of 13,234 shares, compared to its average volume of 70,793. The firm's fifty day simple moving average is $122.33 and its two-hundred day simple moving average is $121.71. Chesapeake Utilities Co. has a twelve month low of $98.25 and a twelve month high of $134.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 24.70 and a beta of 0.65.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CPK shares. Guggenheim lifted their price target on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. StockNews.com upgraded shares of Chesapeake Utilities from a "sell" rating to a "hold" rating in a research report on Friday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Chesapeake Utilities presently has an average rating of "Hold" and an average target price of $123.00.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.