Charles Schwab Investment Management Inc. Has $32.17 Million Stake in Chesapeake Utilities Co. (NYSE:CPK)

Charles Schwab Investment Management Inc. lifted its position in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,064 shares of the utilities provider's stock after purchasing an additional 7,666 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.15% of Chesapeake Utilities worth $32,168,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Chesapeake Utilities by 180.1% in the second quarter. GAMMA Investing LLC now owns 633 shares of the utilities provider's stock valued at $67,000 after purchasing an additional 407 shares in the last quarter. 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 valued at $79,000 after acquiring an additional 102 shares during the period. Fifth Third Bancorp grew its position in Chesapeake Utilities by 17.7% in the second quarter. Fifth Third Bancorp now owns 765 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 115 shares during the period. nVerses Capital LLC bought a new stake in Chesapeake Utilities in the third quarter valued at $99,000. Finally, Spirit of America Management Corp NY grew its position in Chesapeake Utilities by 81.8% in the second quarter. Spirit of America Management Corp NY now owns 1,000 shares of the utilities provider's stock valued at $106,000 after acquiring an additional 450 shares during the period. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Utilities Trading Up 0.0 %

Shares of CPK traded up $0.06 during trading hours on Wednesday, hitting $130.30. 82,392 shares of the stock traded hands, compared to its average volume of 112,215. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. Chesapeake Utilities Co. has a 1-year low of $98.22 and a 1-year high of $134.20. The firm has a market capitalization of $2.97 billion, a PE ratio of 26.42 and a beta of 0.64. The business has a fifty day moving average of $123.82 and a 200-day moving average of $117.12.

Chesapeake Utilities Dividend Announcement

The business also recently announced 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 1.96%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities's payout ratio is 51.93%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays upped their price target on Chesapeake Utilities from $118.00 to $124.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Guggenheim increased their target price on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Finally, StockNews.com upgraded Chesapeake Utilities from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $123.00.

About Chesapeake Utilities

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.