Jump Financial LLC Buys New Holdings in Chesapeake Utilities Corporation $CPK

Jump Financial LLC bought a new stake in shares of Chesapeake Utilities Corporation (NYSE:CPK - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,073 shares of the utilities provider's stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC raised its position in Chesapeake Utilities by 4.7% during the 1st quarter. Jennison Associates LLC now owns 518,231 shares of the utilities provider's stock valued at $66,556,000 after purchasing an additional 23,053 shares in the last quarter. Invesco Ltd. raised its position in shares of Chesapeake Utilities by 4.6% in the 1st quarter. Invesco Ltd. now owns 485,822 shares of the utilities provider's stock worth $62,394,000 after acquiring an additional 21,143 shares in the last quarter. Northern Trust Corp raised its position in shares of Chesapeake Utilities by 9.0% in the 4th quarter. Northern Trust Corp now owns 281,910 shares of the utilities provider's stock worth $34,210,000 after acquiring an additional 23,160 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Chesapeake Utilities by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 271,788 shares of the utilities provider's stock worth $34,906,000 after acquiring an additional 1,902 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Chesapeake Utilities in the 1st quarter worth $26,299,000. 83.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CPK has been the subject of several recent research reports. Barclays reduced their price target on Chesapeake Utilities from $124.00 to $120.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 22nd. Wall Street Zen lowered Chesapeake Utilities from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Chesapeake Utilities presently has a consensus rating of "Moderate Buy" and an average price target of $124.50.

Chesapeake Utilities Stock Up 0.8%

NYSE:CPK traded up $1.02 during mid-day trading on Friday, hitting $125.48. 97,339 shares of the company's stock traded hands, compared to its average volume of 89,992. The company has a fifty day moving average of $122.80 and a 200 day moving average of $124.94. Chesapeake Utilities Corporation has a twelve month low of $115.12 and a twelve month high of $136.73. The company has a market capitalization of $2.95 billion, a P/E ratio of 22.37 and a beta of 0.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.36 and a current ratio of 0.42.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The business had revenue of $192.80 million for the quarter, compared to analyst estimates of $182.45 million. During the same period in the prior year, the company earned $0.86 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.35 EPS. On average, analysts forecast that Chesapeake Utilities Corporation will post 5.39 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Monday, September 15th will be given a $0.685 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.74 dividend on an annualized basis and a yield of 2.2%. Chesapeake Utilities's dividend payout ratio is currently 48.84%.

Chesapeake Utilities 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.