Renaissance Technologies LLC Has $16.09 Million Position in Chesapeake Utilities Corporation (NYSE:CPK)

Renaissance Technologies LLC increased its stake in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 232,450 shares of the utilities provider’s stock after buying an additional 11,450 shares during the period. Renaissance Technologies LLC owned 1.42% of Chesapeake Utilities Corporation worth $16,086,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Chesapeake Utilities Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 838,531 shares of the utilities provider’s stock valued at $58,026,000 after buying an additional 56,078 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Chesapeake Utilities Corporation by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 522,016 shares of the utilities provider’s stock valued at $36,123,000 after buying an additional 8,450 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Chesapeake Utilities Corporation by 10.9% in the first quarter. Bank of New York Mellon Corp now owns 493,710 shares of the utilities provider’s stock valued at $34,165,000 after buying an additional 48,578 shares during the last quarter. State Street Corp increased its stake in shares of Chesapeake Utilities Corporation by 7.1% in the fourth quarter. State Street Corp now owns 307,305 shares of the utilities provider’s stock valued at $20,566,000 after buying an additional 20,248 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Chesapeake Utilities Corporation by 0.4% in the first quarter. Teachers Advisors LLC now owns 203,879 shares of the utilities provider’s stock valued at $14,108,000 after buying an additional 757 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Chesapeake Utilities Corporation (NYSE:CPK) traded down 0.25% on Friday, reaching $78.70. The company had a trading volume of 43,470 shares. Chesapeake Utilities Corporation has a one year low of $57.63 and a one year high of $79.10. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 28.78 and a beta of 0.27. The company has a 50-day moving average of $75.84 and a 200 day moving average of $71.20.

Chesapeake Utilities Corporation (NYSE:CPK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.18. Chesapeake Utilities Corporation had a net margin of 7.40% and a return on equity of 9.25%. The company had revenue of $125.08 million during the quarter, compared to the consensus estimate of $116.50 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities research analysts predict that Chesapeake Utilities Corporation will post $2.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be paid a $0.325 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.30 annualized dividend and a dividend yield of 1.65%. Chesapeake Utilities Corporation’s dividend payout ratio is currently 50.78%.

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CPK has been the subject of a number of recent analyst reports. BidaskClub upgraded Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada began coverage on Chesapeake Utilities Corporation in a research report on Wednesday, April 26th. They issued a “sector perform” rating and a $75.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Chesapeake Utilities Corporation has a consensus rating of “Hold” and a consensus price target of $72.00.

In other news, CEO P. Mcmasters Michael sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $74.56, for a total value of $410,080.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.36% of the company’s stock.

Chesapeake Utilities Corporation Company Profile

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.

Institutional Ownership by Quarter for Chesapeake Utilities Corporation (NYSE:CPK)

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