2,777 Shares in Chesapeake Utilities Co. (NYSE:CPK) Acquired by Walleye Capital LLC

Walleye Capital LLC acquired a new position in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,777 shares of the utilities provider's stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPK. Barclays PLC boosted its holdings in Chesapeake Utilities by 342.4% in the third quarter. Barclays PLC now owns 37,048 shares of the utilities provider's stock valued at $4,600,000 after acquiring an additional 28,673 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in Chesapeake Utilities by 5.7% in the third quarter. Anchor Investment Management LLC now owns 23,473 shares of the utilities provider's stock valued at $2,915,000 after acquiring an additional 1,270 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Chesapeake Utilities in the third quarter valued at approximately $182,000. JPMorgan Chase & Co. boosted its holdings in Chesapeake Utilities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 287,993 shares of the utilities provider's stock valued at $35,760,000 after acquiring an additional 14,430 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Chesapeake Utilities by 2,018.2% in the fourth quarter. Versant Capital Management Inc now owns 233 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 222 shares during the last quarter. 83.11% of the stock is owned by institutional investors and hedge funds.

Chesapeake Utilities Stock Performance

NYSE:CPK traded down $0.38 during trading on Wednesday, reaching $131.60. The company's stock had a trading volume of 150,789 shares, compared to its average volume of 103,638. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 26.69 and a beta of 0.66. 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 50 day moving average of $128.84 and a 200-day moving average of $125.39. Chesapeake Utilities Co. has a 12 month low of $102.64 and a 12 month high of $136.73.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($0.04). The business 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 last year, the company earned $1.64 EPS. Research analysts expect that Chesapeake Utilities Co. will post 5.39 EPS for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, March 14th. This represents a $2.56 annualized dividend and a dividend yield of 1.95%. Chesapeake Utilities's payout ratio is 48.58%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CPK. StockNews.com lowered Chesapeake Utilities from a "hold" rating to a "sell" rating in a research note on Tuesday, April 22nd. LADENBURG THALM/SH SH raised Chesapeake Utilities to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Barclays lowered their price target on Chesapeake Utilities from $125.00 to $124.00 and set an "equal weight" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $122.67.

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.