Barclays PLC lifted its position in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,078 shares of the utilities provider's stock after purchasing an additional 2,030 shares during the quarter. Barclays PLC owned about 0.17% of Chesapeake Utilities worth $4,742,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its stake in Chesapeake Utilities by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the utilities provider's stock worth $1,335,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Chesapeake Utilities by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,350 shares of the utilities provider's stock worth $649,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System raised its stake in Chesapeake Utilities by 1.6% in the fourth quarter. Arizona State Retirement System now owns 6,516 shares of the utilities provider's stock valued at $791,000 after purchasing an additional 103 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Chesapeake Utilities by 4.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,313 shares of the utilities provider's stock valued at $281,000 after purchasing an additional 109 shares during the last quarter. Finally, Caprock Group LLC grew its stake in Chesapeake Utilities by 3.4% in the 4th quarter. Caprock Group LLC now owns 3,313 shares of the utilities provider's stock worth $404,000 after buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company's stock.
Chesapeake Utilities Trading Down 0.3 %
NYSE:CPK traded down $0.43 during trading hours on Friday, reaching $131.69. The company's stock had a trading volume of 13,047 shares, compared to its average volume of 103,525. 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 market capitalization of $3.03 billion, a price-to-earnings ratio of 26.71 and a beta of 0.66. The firm has a 50-day simple moving average of $128.99 and a 200-day simple moving average of $125.48. Chesapeake Utilities Co. has a 1 year low of $102.64 and a 1 year high of $136.73.
Chesapeake Utilities (NYSE:CPK - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.04). The company had revenue of $215.00 million during the quarter, compared to analysts' expectations of $237.84 million. Chesapeake Utilities had a return on equity of 9.08% and a net margin of 14.16%. During the same quarter in the prior year, the firm posted $1.64 EPS. Research analysts expect that Chesapeake Utilities Co. will post 5.39 EPS for the current fiscal year.
Chesapeake Utilities Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Friday, March 14th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, March 14th. Chesapeake Utilities's dividend payout ratio (DPR) is presently 48.58%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on CPK. StockNews.com downgraded shares of Chesapeake Utilities from a "hold" rating to a "sell" rating in a report on Tuesday, April 22nd. Barclays cut their price objective on Chesapeake Utilities from $125.00 to $124.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, LADENBURG THALM/SH SH raised Chesapeake Utilities to a "strong-buy" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $122.67.
Check Out Our Latest Analysis on Chesapeake Utilities
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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