Chesapeake Utilities Co. (NYSE:CPK) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its position in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,121 shares of the utilities provider's stock after acquiring an additional 5,487 shares during the quarter. Exchange Traded Concepts LLC owned 0.24% of Chesapeake Utilities worth $6,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CPK. Wedge Capital Management L L P NC grew its stake in shares of Chesapeake Utilities by 33.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 57,163 shares of the utilities provider's stock worth $6,071,000 after purchasing an additional 14,417 shares during the period. Boston Trust Walden Corp boosted its stake 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 in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Chesapeake Utilities in the 1st quarter worth approximately $583,000. Vanguard Group Inc. raised its holdings 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 worth $199,471,000 after purchasing an additional 118,878 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Chesapeake Utilities by 61.5% during the first 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barclays raised their price target on Chesapeake Utilities from $118.00 to $124.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th.

Insider Activity

In other Chesapeake Utilities news, Director Paul L. Maddock, Jr. sold 9,634 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $113.56, for a total value of $1,094,037.04. Following the sale, the director now directly owns 8,363 shares of the company's stock, valued at approximately $949,702.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.68% of the company's stock.

Chesapeake Utilities Price Performance

CPK stock traded up $1.78 on Monday, reaching $119.38. The company had a trading volume of 44,969 shares, compared to its average volume of 116,129. The company's fifty day moving average is $118.76 and its 200 day moving average is $112.41. The company has a market cap of $2.66 billion, a P/E ratio of 25.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.32 and a current ratio of 0.38. Chesapeake Utilities Co. has a 1 year low of $83.79 and a 1 year high of $125.34.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last posted 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 company had revenue of $166.30 million for the quarter, compared to analysts' expectations of $194.70 million. During the same quarter in the prior year, the business posted $0.90 EPS. The company's revenue for the quarter was up 22.6% compared to the same quarter last year. On average, research analysts forecast that Chesapeake Utilities Co. will post 5.39 earnings per share for the current year.

Chesapeake Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 16th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, September 16th. Chesapeake Utilities's dividend payout ratio (DPR) is 53.78%.

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.