Cable Hill Partners LLC Invests $205,000 in Chesapeake Utilities Co. (NYSE:CPK)

Cable Hill Partners LLC purchased a new position in Chesapeake Utilities Co. (NYSE:CPK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,644 shares of the utilities provider’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPK. Versor Investments LP increased its stake in shares of Chesapeake Utilities by 168.0% in the 3rd quarter. Versor Investments LP now owns 6,700 shares of the utilities provider’s stock valued at $832,000 after acquiring an additional 4,200 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Chesapeake Utilities during the 3rd quarter valued at $337,000. Arrow Financial Corp bought a new stake in Chesapeake Utilities during the 3rd quarter valued at $308,000. Assetmark Inc. increased its stake in Chesapeake Utilities by 19.2% during the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 102 shares in the last quarter. Finally, Van ECK Associates Corp bought a new stake in Chesapeake Utilities during the 3rd quarter valued at $734,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

Wall Street Analyst Weigh In

CPK has been the subject of a number of recent research reports. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Barclays boosted their price target on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th.

Chesapeake Utilities Stock Performance

NYSE CPK opened at $126.26 on Friday. Chesapeake Utilities Co. has a 1 year low of $90.21 and a 1 year high of $128.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 25.61 and a beta of 0.61. The company has a fifty day moving average price of $121.43 and a 200-day moving average price of $115.17.

Chesapeake Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, December 16th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 51.93%.

About Chesapeake Utilities

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.