JPMorgan Chase & Co. grew its position in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,993 shares of the utilities provider's stock after buying an additional 14,430 shares during the quarter. JPMorgan Chase & Co. owned 1.26% of Chesapeake Utilities worth $35,760,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Chesapeake Utilities by 170.5% in the second quarter. Victory Capital Management Inc. now owns 124,716 shares of the utilities provider's stock valued at $13,245,000 after purchasing an additional 78,613 shares during the period. Copeland Capital Management LLC increased its stake in shares of Chesapeake Utilities by 9.5% during the third quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider's stock worth $73,567,000 after buying an additional 51,164 shares during the period. Savant Capital LLC acquired a new stake in shares of Chesapeake Utilities in the 2nd quarter valued at $3,834,000. Barclays PLC raised its stake in Chesapeake Utilities by 342.4% in the third quarter. Barclays PLC now owns 37,048 shares of the utilities provider's stock valued at $4,600,000 after buying an additional 28,673 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in shares of Chesapeake Utilities by 9.5% during the 3rd quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider's stock worth $37,320,000 after acquiring an additional 26,147 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on CPK shares. Barclays increased their price target on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. StockNews.com upgraded shares of Chesapeake Utilities from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Finally, Guggenheim upped their price objective on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $123.00.
Get Our Latest Stock Report on CPK
Chesapeake Utilities Stock Performance
Shares of NYSE:CPK traded up $0.34 during trading on Tuesday, reaching $118.69. The company had a trading volume of 74,356 shares, compared to its average volume of 84,639. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32. The stock's fifty day moving average price is $125.09 and its 200 day moving average price is $119.82. Chesapeake Utilities Co. has a fifty-two week low of $98.25 and a fifty-two week high of $134.20. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 24.08 and a beta of 0.65.
Chesapeake Utilities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 16th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Monday, December 16th. Chesapeake Utilities's dividend payout ratio is presently 51.93%.
Chesapeake Utilities Profile
(
Free Report)
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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