State Street Corp Increases Position in Chesapeake Utilities Co. (NYSE:CPK)

State Street Corp grew its position in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,222,149 shares of the utilities provider's stock after buying an additional 11,068 shares during the period. State Street Corp owned 5.37% of Chesapeake Utilities worth $152,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPK. Boston Trust Walden Corp lifted its holdings in Chesapeake Utilities by 76.1% in the second quarter. Boston Trust Walden Corp now owns 274,405 shares of the utilities provider's stock valued at $29,142,000 after acquiring an additional 118,561 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Chesapeake Utilities by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider's stock valued at $51,979,000 after purchasing an additional 19,100 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Chesapeake Utilities by 11.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 53,121 shares of the utilities provider's stock worth $6,596,000 after purchasing an additional 5,487 shares during the period. Savant Capital LLC acquired a new stake in shares of Chesapeake Utilities during the 2nd quarter worth about $3,834,000. Finally, Quest Partners LLC acquired a new stake in shares of Chesapeake Utilities during the 3rd quarter worth about $966,000. Institutional investors and hedge funds own 83.11% of the company's stock.

Chesapeake Utilities Trading Down 0.1 %

NYSE:CPK traded down $0.08 on Friday, reaching $127.37. 92,426 shares of the company's stock were exchanged, compared to its average volume of 111,715. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 25.84 and a beta of 0.64. Chesapeake Utilities Co. has a 52-week low of $98.25 and a 52-week high of $134.20. 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 fifty day moving average of $124.75 and a 200-day moving average of $118.05.

Chesapeake Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities's payout ratio is currently 51.93%.

Analyst Upgrades and Downgrades

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