Jump Financial LLC Acquires 9,011 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Jump Financial LLC boosted its holdings in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 147.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,142 shares of the utilities provider's stock after acquiring an additional 9,011 shares during the quarter. Jump Financial LLC owned approximately 0.09% of Chesapeake Utilities worth $1,599,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. raised its holdings in shares of Chesapeake Utilities by 308.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 286 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 216 shares in the last quarter. GAMMA Investing LLC acquired a new position in Chesapeake Utilities during the fourth quarter worth $30,000. Principal Securities Inc. bought a new position in Chesapeake Utilities during the fourth quarter valued at about $41,000. Signaturefd LLC lifted its position in shares of Chesapeake Utilities by 126.1% in the fourth quarter. Signaturefd LLC now owns 398 shares of the utilities provider's stock worth $42,000 after buying an additional 222 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its holdings in shares of Chesapeake Utilities by 60.0% during the 4th quarter. Spirit of America Management Corp NY now owns 400 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 150 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Utilities Stock Performance

Shares of CPK stock traded up $1.27 during trading hours on Thursday, reaching $114.05. 69,367 shares of the company's stock were exchanged, compared to its average volume of 126,136. The business has a fifty day moving average price of $105.80 and a 200-day moving average price of $102.04. The stock has a market capitalization of $2.54 billion, a P/E ratio of 23.96 and a beta of 0.60. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.93. Chesapeake Utilities Co. has a fifty-two week low of $83.79 and a fifty-two week high of $132.91.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $2.10 earnings per share for the quarter, missing analysts' consensus estimates of $2.14 by ($0.04). Chesapeake Utilities had a net margin of 13.90% and a return on equity of 10.17%. The company had revenue of $245.70 million during the quarter, compared to the consensus estimate of $260.16 million. During the same period last year, the company earned $2.04 earnings per share. Chesapeake Utilities's revenue for the quarter was up 12.7% on a year-over-year basis. Analysts predict that Chesapeake Utilities Co. will post 5.41 EPS for the current fiscal year.

Chesapeake Utilities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.24%. This is a positive change from Chesapeake Utilities's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, June 13th. Chesapeake Utilities's payout ratio is currently 49.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Chesapeake Utilities from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. StockNews.com downgraded shares of Chesapeake Utilities from a "hold" rating to a "sell" rating in a report on Thursday, February 29th. Finally, Wells Fargo & Company lifted their target price on shares of Chesapeake Utilities from $105.00 to $115.00 and gave the stock an "equal weight" rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $109.50.

Chesapeake Utilities Company 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.