Barclays PLC Boosts Stock Holdings in Chesapeake Utilities Co. (NYSE:CPK)

Barclays PLC boosted its stake in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 342.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,048 shares of the utilities provider's stock after purchasing an additional 28,673 shares during the quarter. Barclays PLC owned about 0.16% of Chesapeake Utilities worth $4,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. raised its position in shares of Chesapeake Utilities by 19.2% in the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock valued at $79,000 after buying an additional 102 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Chesapeake Utilities by 17.7% in the 2nd quarter. Fifth Third Bancorp now owns 765 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 115 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Chesapeake Utilities in the 3rd quarter valued at $99,000. GAMMA Investing LLC raised its holdings in shares of Chesapeake Utilities by 64.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,038 shares of the utilities provider's stock worth $129,000 after buying an additional 405 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Chesapeake Utilities by 504.8% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,379 shares of the utilities provider's stock worth $146,000 after buying an additional 1,151 shares during the last quarter. Institutional investors own 83.11% of the company's stock.

Wall Street Analyst Weigh In

CPK has been the subject of several research analyst reports. Barclays boosted their target price on Chesapeake Utilities from $118.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Guggenheim raised their price objective on Chesapeake Utilities from $118.00 to $129.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Finally, StockNews.com raised Chesapeake Utilities from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $123.00.

Chesapeake Utilities Trading Up 1.0 %

CPK traded up $1.16 during trading on Friday, hitting $119.56. The company's stock had a trading volume of 363,318 shares, compared to its average volume of 112,795. The firm has a market capitalization of $2.72 billion, a P/E ratio of 24.25 and a beta of 0.64. Chesapeake Utilities Co. has a twelve month low of $98.25 and a twelve month high of $134.20. The stock's fifty day moving average price is $125.19 and its 200-day moving average price is $118.53. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities's dividend payout ratio (DPR) is currently 51.93%.

Chesapeake Utilities Company 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.