Trust Point Inc. Sells 2,590 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Trust Point Inc. reduced its position in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 52.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,329 shares of the utilities provider's stock after selling 2,590 shares during the period. Trust Point Inc.'s holdings in Chesapeake Utilities were worth $283,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CPK. Versant Capital Management Inc increased its holdings in shares of Chesapeake Utilities by 2,018.2% in the 4th quarter. Versant Capital Management Inc now owns 233 shares of the utilities provider's stock worth $28,000 after buying an additional 222 shares during the last quarter. Assetmark Inc. increased its stake in Chesapeake Utilities by 19.2% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 102 shares during the last quarter. nVerses Capital LLC bought a new stake in Chesapeake Utilities during the third quarter worth about $99,000. KBC Group NV boosted its holdings in shares of Chesapeake Utilities by 46.2% in the 4th quarter. KBC Group NV now owns 1,048 shares of the utilities provider's stock worth $127,000 after purchasing an additional 331 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Chesapeake Utilities by 64.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,038 shares of the utilities provider's stock worth $129,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 83.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CPK shares. StockNews.com upgraded Chesapeake Utilities from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Guggenheim boosted their price objective 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $123.00.

Chesapeake Utilities Trading Down 1.0 %

CPK traded down $1.27 on Monday, hitting $122.30. 56,786 shares of the company were exchanged, compared to its average volume of 72,992. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38. The firm has a fifty day simple moving average of $122.78 and a two-hundred day simple moving average of $121.67. The stock has a market capitalization of $2.79 billion, a PE ratio of 24.81 and a beta of 0.65. Chesapeake Utilities Co. has a 12 month low of $98.25 and a 12 month high of $134.20.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last issued its earnings results on Thursday, November 7th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.11. The firm had revenue of $160.14 million for the quarter, compared to analysts' expectations of $164.80 million. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. During the same quarter last year, the business earned $0.69 earnings per share. Sell-side analysts expect that Chesapeake Utilities Co. will post 5.39 earnings per share for the current year.

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.