Squarepoint Ops LLC raised its position in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 409.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,580 shares of the utilities provider's stock after buying an additional 10,914 shares during the quarter. Squarepoint Ops LLC owned about 0.06% of Chesapeake Utilities worth $1,442,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its stake in shares of Chesapeake Utilities by 33.7% in the second quarter. Wedge Capital Management L L P NC now owns 57,163 shares of the utilities provider's stock valued at $6,071,000 after purchasing an additional 14,417 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Chesapeake Utilities by 76.1% during the 2nd quarter. Boston Trust Walden Corp now owns 274,405 shares of the utilities provider's stock worth $29,142,000 after acquiring an additional 118,561 shares during the period. UniSuper Management Pty Ltd purchased a new stake in shares of Chesapeake Utilities during the 1st quarter valued at $583,000. Vanguard Group Inc. grew its position in Chesapeake Utilities by 6.8% during the first quarter. Vanguard Group Inc. now owns 1,859,001 shares of the utilities provider's stock valued at $199,471,000 after acquiring an additional 118,878 shares during the period. Finally, Janus Henderson Group PLC increased its position in Chesapeake Utilities by 61.5% during the 1st quarter. Janus Henderson Group PLC now owns 275,204 shares of the utilities provider's stock worth $29,529,000 after purchasing an additional 104,850 shares in the last quarter. 83.11% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Paul L. Maddock, Jr. sold 9,634 shares of Chesapeake Utilities stock in a transaction on Monday, August 12th. The shares were sold at an average price of $113.56, for a total value of $1,094,037.04. Following the completion of the sale, the director now owns 8,363 shares in the company, valued at approximately $949,702.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.68% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Barclays lifted their target price on shares of Chesapeake Utilities from $111.00 to $118.00 and gave the company an "equal weight" rating in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Chesapeake Utilities currently has an average rating of "Hold" and an average price target of $111.20.
Get Our Latest Stock Report on CPK
Chesapeake Utilities Stock Up 1.3 %
Shares of NYSE CPK traded up $1.62 during trading on Friday, reaching $122.59. 71,726 shares of the stock were exchanged, compared to its average volume of 117,258. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 25.75 and a beta of 0.61. The business's 50-day moving average price is $118.78 and its 200 day moving average price is $111.85. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.91. Chesapeake Utilities Co. has a twelve month low of $83.79 and a twelve month high of $125.34.
Chesapeake Utilities (NYSE:CPK - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.02). Chesapeake Utilities had a return on equity of 9.51% and a net margin of 13.61%. The firm had revenue of $166.30 million during the quarter, compared to analyst estimates of $194.70 million. During the same quarter in the prior year, the firm earned $0.90 EPS. The business's quarterly revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts forecast that Chesapeake Utilities Co. will post 5.39 EPS for the current fiscal year.
Chesapeake Utilities Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Monday, September 16th. Chesapeake Utilities's payout ratio is 53.78%.
About Chesapeake Utilities
(
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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