Chesapeake Utilities Corporation $CPK Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its stake in Chesapeake Utilities Corporation (NYSE:CPK - Free Report) by 31.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,737 shares of the utilities provider's stock after purchasing an additional 10,997 shares during the quarter. Chesapeake Utilities accounts for 1.1% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 24th largest position. Moody Aldrich Partners LLC owned approximately 0.19% of Chesapeake Utilities worth $5,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Chesapeake Utilities by 94.7% during the second quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider's stock worth $27,000 after buying an additional 108 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Chesapeake Utilities by 292.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 164 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Chesapeake Utilities by 66.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 109 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Chesapeake Utilities by 77.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 298 shares of the utilities provider's stock worth $40,000 after acquiring an additional 130 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Chesapeake Utilities during the 3rd quarter worth approximately $62,000. Institutional investors and hedge funds own 83.11% of the company's stock.

Chesapeake Utilities Stock Up 0.3%

Shares of NYSE CPK opened at $127.44 on Wednesday. The firm's 50-day moving average is $129.59 and its two-hundred day moving average is $129.73. The company has a market capitalization of $3.06 billion, a PE ratio of 21.31 and a beta of 0.77. Chesapeake Utilities Corporation has a 12-month low of $115.24 and a 12-month high of $140.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.45 and a quick ratio of 0.40.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $1.94 earnings per share for the quarter, missing analysts' consensus estimates of $2.16 by ($0.22). Chesapeake Utilities had a return on equity of 9.31% and a net margin of 15.09%.The business had revenue of $258.90 million for the quarter, compared to analysts' expectations of $208.59 million. During the same period last year, the business earned $1.63 earnings per share. The company's revenue for the quarter was up 20.4% on a year-over-year basis. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.000 EPS. Equities analysts anticipate that Chesapeake Utilities Corporation will post 6.51 EPS for the current fiscal year.

Chesapeake Utilities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Monday, March 16th were issued a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 16th. Chesapeake Utilities's payout ratio is 45.82%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Chesapeake Utilities in a research note on Friday, March 27th. Barclays set a $142.00 target price on Chesapeake Utilities and gave the stock an "equal weight" rating in a research report on Monday, April 20th. Finally, Wall Street Zen raised Chesapeake Utilities from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.00.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation NYSE: CPK is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.

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