Chesapeake Utilities Co. (NYSE:CPK) Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lessened its stake in shares of Chesapeake Utilities Co. (NYSE:CPK) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,400 shares of the utilities provider’s stock after selling 400 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Chesapeake Utilities were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake 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 worth $28,000 after acquiring an additional 222 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Chesapeake Utilities by 19.2% in the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 102 shares during the period. nVerses Capital LLC purchased a new position in Chesapeake Utilities in the 3rd quarter valued at approximately $99,000. KBC Group NV raised its holdings in Chesapeake Utilities by 46.2% during the fourth quarter. KBC Group NV now owns 1,048 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 331 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Chesapeake Utilities during the third quarter worth $182,000. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Utilities Price Performance

Shares of NYSE:CPK opened at $121.73 on Friday. 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 fifty day moving average price is $122.18 and its two-hundred day moving average price is $121.74. The stock has a market cap of $2.77 billion, a PE ratio of 24.69 and a beta of 0.65. Chesapeake Utilities Co. has a one year low of $98.25 and a one year high of $134.20.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CPK. Guggenheim raised their price target on Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. StockNews.com raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $123.00.

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.