Charles Schwab Investment Management Inc. Has $32.75 Million Position in Chesapeake Utilities Co. (NYSE:CPK)

Charles Schwab Investment Management Inc. increased its position in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 269,886 shares of the utilities provider's stock after purchasing an additional 10,822 shares during the period. Charles Schwab Investment Management Inc. owned about 1.18% of Chesapeake Utilities worth $32,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPK. Versant Capital Management Inc increased its position in Chesapeake Utilities by 2,018.2% in the 4th quarter. Versant Capital Management Inc now owns 233 shares of the utilities provider's stock worth $28,000 after purchasing an additional 222 shares during the last quarter. Assetmark Inc. lifted its stake 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 last quarter. Smartleaf Asset Management LLC grew its position in Chesapeake Utilities by 159.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 876 shares of the utilities provider's stock worth $106,000 after acquiring an additional 539 shares in the last quarter. 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 acquiring an additional 331 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Chesapeake Utilities during the 3rd quarter valued at $182,000. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

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Chesapeake Utilities Stock Performance

CPK traded down $0.55 during trading on Thursday, reaching $125.69. 38,222 shares of the company's stock were exchanged, compared to its average volume of 91,577. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $124.06 and a 200 day moving average price of $123.45. Chesapeake Utilities Co. has a fifty-two week low of $98.32 and a fifty-two week high of $134.20. The company has a market capitalization of $2.89 billion, a P/E ratio of 25.50 and a beta of 0.60.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.04). The firm had revenue of $215.00 million for the quarter, compared to the consensus estimate of $237.84 million. Chesapeake Utilities had a return on equity of 9.08% and a net margin of 14.16%. During the same period in the prior year, the company posted $1.64 earnings per share. As a group, analysts predict that Chesapeake Utilities Co. will post 5.39 earnings per share for the current fiscal year.

Chesapeake Utilities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be given a dividend of $0.64 per share. The ex-dividend date is Friday, March 14th. This represents a $2.56 annualized dividend and a dividend yield of 2.04%. Chesapeake Utilities's payout ratio is currently 48.58%.

Analysts Set New Price Targets

CPK has been the subject of a number of recent research reports. Guggenheim upped their price objective on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. StockNews.com upgraded Chesapeake Utilities from a "sell" rating to a "hold" rating in a report on Friday, March 7th.

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.