Chesapeake Utilities (NYSE:CPK - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Friday.
Separately, Guggenheim increased their target price on Chesapeake Utilities from $118.00 to $129.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $123.00.
Check Out Our Latest Analysis on Chesapeake Utilities
Chesapeake Utilities Stock Down 1.0 %
Shares of Chesapeake Utilities stock traded down $1.27 on Friday, hitting $121.73. 46,213 shares of the company's stock traded hands, compared to its average volume of 69,546. The stock has a market cap of $2.77 billion, a P/E ratio of 24.69 and a beta of 0.65. 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's 50-day moving average is $122.06 and its 200 day moving average is $121.81. Chesapeake Utilities has a 52-week low of $98.25 and a 52-week high of $134.20.
Hedge Funds Weigh In On Chesapeake Utilities
Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its stake in Chesapeake Utilities by 587.1% during the fourth quarter. Federated Hermes Inc. now owns 213 shares of the utilities provider's stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Versant Capital Management Inc lifted its stake in Chesapeake Utilities by 2,018.2% during the fourth 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. Quantbot Technologies LP bought a new position in Chesapeake Utilities during the fourth quarter worth $50,000. Assetmark Inc. lifted its stake in Chesapeake Utilities by 19.2% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock worth $79,000 after purchasing an additional 102 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Chesapeake Utilities by 805.2% during the fourth quarter. Sterling Capital Management LLC now owns 697 shares of the utilities provider's stock worth $85,000 after purchasing an additional 620 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors.
About Chesapeake Utilities
(
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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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