Chesapeake Utilities Co. (NYSE:CPK) Holdings Lifted by Albert D Mason Inc.

Albert D Mason Inc. increased its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 1.2% in the 4th quarter, Holdings Channel reports. The fund owned 12,576 shares of the utilities provider’s stock after purchasing an additional 145 shares during the period. Albert D Mason Inc.’s holdings in Chesapeake Utilities were worth $1,526,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC lifted its position in shares of Chesapeake Utilities by 11.6% in the third quarter. Jane Street Group LLC now owns 41,032 shares of the utilities provider’s stock worth $5,095,000 after purchasing an additional 4,262 shares in the last quarter. HighTower Advisors LLC lifted its position in Chesapeake Utilities by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider’s stock worth $702,000 after buying an additional 130 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Chesapeake Utilities by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock valued at $51,979,000 after buying an additional 19,100 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Chesapeake Utilities by 11.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 53,121 shares of the utilities provider’s stock valued at $6,596,000 after acquiring an additional 5,487 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Chesapeake Utilities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 287,993 shares of the utilities provider’s stock worth $35,760,000 after acquiring an additional 14,430 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Utilities Price Performance

NYSE CPK opened at $124.02 on Friday. Chesapeake Utilities Co. has a fifty-two week low of $98.25 and a fifty-two week high of $134.20. The stock’s 50-day moving average is $124.93 and its two-hundred day moving average is $120.39. The firm has a market cap of $2.83 billion, a P/E ratio of 25.16 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32.

Chesapeake Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were issued a $0.64 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.56 annualized dividend and a yield of 2.06%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 51.93%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Guggenheim lifted their price objective on Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Barclays lifted their price target on Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.00.

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.