Janus Henderson Group PLC Trims Stock Holdings in Chesapeake Utilities Co. (NYSE:CPK)

Janus Henderson Group PLC decreased its holdings in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 33.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,244 shares of the utilities provider's stock after selling 93,572 shares during the quarter. Janus Henderson Group PLC owned about 0.80% of Chesapeake Utilities worth $22,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in Chesapeake Utilities by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider's stock worth $702,000 after buying an additional 130 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of Chesapeake Utilities during the third quarter worth $357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Chesapeake Utilities by 31.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,561 shares of the utilities provider's stock valued at $7,644,000 after acquiring an additional 14,607 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in Chesapeake Utilities by 15.4% in the third quarter. Glenmede Trust Co. NA now owns 6,782 shares of the utilities provider's stock valued at $842,000 after purchasing an additional 904 shares during the period. Finally, FMR LLC grew its stake in Chesapeake Utilities by 12.7% during the 3rd quarter. FMR LLC now owns 4,859 shares of the utilities provider's stock worth $603,000 after purchasing an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company's stock.

Chesapeake Utilities Price Performance

CPK remained flat at $129.75 on Friday. The company had a trading volume of 65,197 shares, compared to its average volume of 92,269. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.87. Chesapeake Utilities Co. has a 52-week low of $98.25 and a 52-week high of $134.20. The business has a fifty day simple moving average of $124.26 and a 200 day simple moving average of $117.51. The company has a market capitalization of $2.96 billion, a P/E ratio of 26.32 and a beta of 0.64.

Chesapeake Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities's dividend payout ratio (DPR) is 51.93%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CPK shares. Barclays lifted their price objective on Chesapeake Utilities from $118.00 to $124.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Guggenheim boosted their price target on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Finally, StockNews.com upgraded shares of Chesapeake Utilities from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $123.00.

Chesapeake Utilities Company 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.