Curi RMB Capital LLC Acquires 2,445 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Curi RMB Capital LLC grew its holdings in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,360 shares of the utilities provider's stock after buying an additional 2,445 shares during the quarter. Curi RMB Capital LLC owned 0.48% of Chesapeake Utilities worth $13,271,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Chesapeake Utilities by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 1,934,574 shares of the utilities provider's stock valued at $234,761,000 after acquiring an additional 44,692 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Chesapeake Utilities by 1.6% during the third quarter. Geode Capital Management LLC now owns 516,586 shares of the utilities provider's stock worth $64,157,000 after purchasing an additional 8,358 shares during the last quarter. Jennison Associates LLC increased its holdings in Chesapeake Utilities by 2.7% in the fourth quarter. Jennison Associates LLC now owns 495,178 shares of the utilities provider's stock valued at $60,090,000 after buying an additional 12,889 shares during the last quarter. Invesco Ltd. grew its position in shares of Chesapeake Utilities by 3.0% in the 4th quarter. Invesco Ltd. now owns 464,679 shares of the utilities provider's stock worth $56,389,000 after acquiring an additional 13,742 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Chesapeake Utilities by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 317,752 shares of the utilities provider's stock worth $38,559,000 after acquiring an additional 29,759 shares during the period. Institutional investors and hedge funds own 83.11% of the company's stock.

Chesapeake Utilities Stock Up 0.4 %

CPK stock traded up $0.58 during midday trading on Thursday, reaching $133.34. The company had a trading volume of 44,622 shares, compared to its average volume of 102,941. Chesapeake Utilities Co. has a 1 year low of $102.64 and a 1 year high of $136.73. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $3.07 billion, a P/E ratio of 27.03 and a beta of 0.66. The company has a 50 day moving average of $127.98 and a two-hundred day moving average of $124.88.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $1.63 earnings per share (EPS) 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 analyst estimates of $237.84 million. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. During the same quarter in the prior year, the firm earned $1.64 earnings per share. On average, equities research analysts expect that Chesapeake Utilities Co. will post 5.39 earnings per share for the current fiscal year.

Chesapeake Utilities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Friday, March 14th were paid a dividend of $0.64 per share. The ex-dividend date was Friday, March 14th. This represents a $2.56 annualized dividend and a dividend yield of 1.92%. Chesapeake Utilities's dividend payout ratio (DPR) is presently 48.58%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CPK shares. Barclays boosted their price target on Chesapeake Utilities from $120.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Tuesday. StockNews.com downgraded shares of Chesapeake Utilities from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, LADENBURG THALM/SH SH upgraded shares of Chesapeake Utilities to a "strong-buy" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.