Jennison Associates LLC Has $60.09 Million Stock Position in Chesapeake Utilities Co. (NYSE:CPK)

Jennison Associates LLC grew its stake in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 495,178 shares of the utilities provider's stock after purchasing an additional 12,889 shares during the period. Jennison Associates LLC owned approximately 2.17% of Chesapeake Utilities worth $60,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CPK. State Street Corp boosted its stake in Chesapeake Utilities by 0.9% in the 3rd quarter. State Street Corp now owns 1,222,149 shares of the utilities provider's stock valued at $152,513,000 after buying an additional 11,068 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Chesapeake Utilities by 9.5% in the 3rd quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider's stock worth $73,567,000 after purchasing an additional 51,164 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Chesapeake Utilities by 1.6% in the 3rd 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. Boston Trust Walden Corp lifted its holdings in 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, JPMorgan Chase & Co. lifted its holdings in Chesapeake Utilities by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 287,993 shares of the utilities provider's stock valued at $35,760,000 after purchasing an additional 14,430 shares during the last quarter. 83.11% of the stock is owned by institutional investors and hedge funds.

Chesapeake Utilities Price Performance

NYSE:CPK traded down $1.60 during mid-day trading on Friday, reaching $123.56. 45,894 shares of the company were exchanged, compared to its average volume of 73,644. Chesapeake Utilities Co. has a 12 month low of $98.25 and a 12 month high of $134.20. The stock has a market cap of $2.81 billion, a PE ratio of 25.06 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 company has a fifty day moving average of $122.98 and a 200 day moving average of $121.60.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.11. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. The business had revenue of $160.14 million during the quarter, compared to analyst estimates of $164.80 million. During the same quarter last year, the business posted $0.69 earnings per share. On average, research analysts anticipate that Chesapeake Utilities Co. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

CPK has been the topic of several research analyst reports. StockNews.com raised shares of Chesapeake Utilities from a "sell" rating to a "hold" rating in a research note on Wednesday. Guggenheim increased their price target on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $123.00.

About Chesapeake Utilities

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.