Versor Investments LP Purchases 4,200 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Versor Investments LP boosted its stake in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 168.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,700 shares of the utilities provider's stock after acquiring an additional 4,200 shares during the quarter. Versor Investments LP's holdings in Chesapeake Utilities were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Chesapeake Utilities by 180.1% during the second quarter. GAMMA Investing LLC now owns 633 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 407 shares during the last quarter. Assetmark Inc. raised its position in Chesapeake Utilities by 19.2% during the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 102 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Chesapeake Utilities by 17.7% in the 2nd quarter. Fifth Third Bancorp now owns 765 shares of the utilities provider's stock worth $81,000 after buying an additional 115 shares during the period. nVerses Capital LLC bought a new stake in shares of Chesapeake Utilities in the 3rd quarter worth approximately $99,000. Finally, Spirit of America Management Corp NY increased its stake in shares of Chesapeake Utilities by 81.8% during 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 buying an additional 450 shares during the period. 83.11% of the stock is currently owned by institutional investors.

Chesapeake Utilities Stock Up 0.3 %

Shares of CPK stock traded up $0.42 during mid-day trading on Wednesday, reaching $126.45. 89,563 shares of the company's stock traded hands, compared to its average volume of 113,523. 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 company's 50-day moving average price is $121.32 and its 200-day moving average price is $115.10. The company has a market cap of $2.88 billion, a P/E ratio of 25.65 and a beta of 0.61. Chesapeake Utilities Co. has a 12 month low of $90.21 and a 12 month high of $128.54.

Chesapeake Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.56 annualized dividend and a dividend yield of 2.02%. Chesapeake Utilities's payout ratio is 51.93%.

Wall Street Analysts Forecast Growth

CPK has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. StockNews.com raised shares of Chesapeake Utilities from a "sell" rating to a "hold" rating in a research note on Friday, November 8th.

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.