Aster Capital Management DIFC Ltd purchased a new position in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,145 shares of the utilities provider's stock, valued at approximately $260,000.
Several other large investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in shares of Chesapeake Utilities by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the utilities provider's stock worth $1,335,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Chesapeake Utilities by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,350 shares of the utilities provider's stock valued at $649,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its position in Chesapeake Utilities by 1.6% during the fourth quarter. Arizona State Retirement System now owns 6,516 shares of the utilities provider's stock worth $791,000 after buying an additional 103 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Chesapeake Utilities by 3.4% in the fourth quarter. Caprock Group LLC now owns 3,313 shares of the utilities provider's stock worth $404,000 after acquiring an additional 110 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Chesapeake Utilities by 2.4% in the third quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider's stock valued at $702,000 after acquiring an additional 130 shares in the last quarter. 83.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CPK has been the subject of a number of recent research reports. StockNews.com upgraded Chesapeake Utilities from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. LADENBURG THALM/SH SH upgraded shares of Chesapeake Utilities to a "strong-buy" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $122.67.
View Our Latest Research Report on CPK
Chesapeake Utilities Trading Up 2.9 %
Shares of NYSE:CPK traded up $3.73 during midday trading on Friday, reaching $131.23. The company's stock had a trading volume of 276,016 shares, compared to its average volume of 100,880. The business has a 50 day moving average price of $126.20 and a 200 day moving average price of $124.26. Chesapeake Utilities Co. has a 1 year low of $98.32 and a 1 year high of $134.86. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 26.62 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.87.
Chesapeake Utilities (NYSE:CPK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.04). The business had revenue of $215.00 million during the quarter, compared to analysts' expectations of $237.84 million. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. During the same quarter last year, the firm earned $1.64 EPS. Research analysts forecast that Chesapeake Utilities Co. will post 5.39 EPS for the current year.
Chesapeake Utilities Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Friday, March 14th were given a dividend of $0.64 per share. The ex-dividend date was Friday, March 14th. This represents a $2.56 dividend on an annualized basis and a yield of 1.95%. Chesapeake Utilities's dividend payout ratio (DPR) is 48.58%.
About Chesapeake Utilities
(
Free Report)
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.
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