Jane Street Group LLC grew its holdings in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 11.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,032 shares of the utilities provider's stock after buying an additional 4,262 shares during the quarter. Jane Street Group LLC owned 0.18% of Chesapeake Utilities worth $5,095,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CPK. State Street Corp lifted its holdings in shares of Chesapeake Utilities by 0.9% during the 3rd quarter. State Street Corp now owns 1,222,149 shares of the utilities provider's stock valued at $152,513,000 after purchasing an additional 11,068 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Chesapeake Utilities by 9.5% during the 3rd quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider's stock valued at $73,567,000 after purchasing an additional 51,164 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Chesapeake Utilities by 4.1% during 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. Boston Trust Walden Corp lifted its holdings in shares of Chesapeake Utilities by 9.5% during the 3rd quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider's stock valued at $37,320,000 after purchasing an additional 26,147 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Chesapeake Utilities by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,064 shares of the utilities provider's stock valued at $32,168,000 after purchasing an additional 7,666 shares during the last quarter. Institutional investors own 83.11% of the company's stock.
Chesapeake Utilities Price Performance
CPK traded down $0.96 during trading on Tuesday, reaching $125.12. The company's stock had a trading volume of 115,539 shares, compared to its average volume of 111,894. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 25.38 and a beta of 0.64. 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 firm has a fifty day simple moving average of $125.06 and a two-hundred day simple moving average of $118.42. Chesapeake Utilities Co. has a 1 year low of $98.25 and a 1 year high of $134.20.
Chesapeake Utilities Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities's payout ratio is presently 51.93%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CPK. StockNews.com upgraded Chesapeake Utilities from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Guggenheim raised their target price on Chesapeake Utilities from $118.00 to $129.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Finally, Barclays lifted their price objective on Chesapeake Utilities from $118.00 to $124.00 and gave the stock 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $123.00.
Get Our Latest Stock Report on Chesapeake Utilities
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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