Invesco Ltd. increased its holdings in Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 464,679 shares of the utilities provider's stock after purchasing an additional 13,742 shares during the period. Invesco Ltd. owned approximately 2.04% of Chesapeake Utilities worth $56,389,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Chesapeake Utilities by 12.7% in the 3rd quarter. FMR LLC now owns 4,859 shares of the utilities provider's stock worth $603,000 after buying an additional 547 shares in the last quarter. HighTower Advisors LLC raised its stake in Chesapeake Utilities by 2.4% during the third quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider's stock worth $702,000 after acquiring an additional 130 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Chesapeake Utilities by 10.0% during the third quarter. Stifel Financial Corp now owns 33,145 shares of the utilities provider's stock valued at $4,116,000 after acquiring an additional 3,001 shares during the period. Jane Street Group LLC boosted its stake in shares of Chesapeake Utilities by 11.6% in the 3rd quarter. Jane Street Group LLC now owns 41,032 shares of the utilities provider's stock valued at $5,095,000 after purchasing an additional 4,262 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Chesapeake Utilities in the 3rd quarter worth about $390,000. Institutional investors own 83.11% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on CPK shares. LADENBURG THALM/SH SH raised shares of Chesapeake Utilities to a "strong-buy" rating in a report on Thursday, April 3rd. StockNews.com upgraded shares of Chesapeake Utilities from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $122.67.
Check Out Our Latest Stock Report on CPK
Chesapeake Utilities Price Performance
Shares of NYSE CPK traded up $1.68 during trading on Friday, reaching $135.17. The company had a trading volume of 171,797 shares, compared to its average volume of 102,018. Chesapeake Utilities Co. has a 52 week low of $102.15 and a 52 week high of $136.52. 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 business's 50 day moving average price is $127.29 and its 200-day moving average price is $124.63. The stock has a market cap of $3.11 billion, a PE ratio of 27.42 and a beta of 0.66.
Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.63 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($0.04). The firm had revenue of $215.00 million during the quarter, compared to the consensus estimate of $237.84 million. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. During the same quarter in the previous year, the business posted $1.64 earnings per share. Analysts expect that Chesapeake Utilities Co. will post 5.39 earnings per share for the current year.
Chesapeake Utilities Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Friday, March 14th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, March 14th. Chesapeake Utilities's dividend payout ratio is 48.58%.
Chesapeake Utilities Company Profile
(
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.
See Also
Before you consider Chesapeake Utilities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chesapeake Utilities wasn't on the list.
While Chesapeake Utilities currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
