Intrust Bank NA increased its position in Chesapeake Utilities Corporation (NYSE:CPK) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,906 shares of the utilities provider’s stock after purchasing an additional 1,060 shares during the quarter. Intrust Bank NA owned approximately 0.05% of Chesapeake Utilities Corporation worth $697,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its holdings in Chesapeake Utilities Corporation by 11.9% during the second quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock worth $104,000 after buying an additional 148 shares during the period. Victory Capital Management Inc. lifted its holdings in Chesapeake Utilities Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,663 shares of the utilities provider’s stock worth $200,000 after buying an additional 398 shares during the period. Pitcairn Co. purchased a new stake in Chesapeake Utilities Corporation during the third quarter worth $201,000. Symons Capital Management Inc. purchased a new stake in Chesapeake Utilities Corporation during the third quarter worth $223,000. Finally, Advisory Services Network LLC lifted its holdings in Chesapeake Utilities Corporation by 1.2% during the second quarter. Advisory Services Network LLC now owns 2,985 shares of the utilities provider’s stock worth $224,000 after buying an additional 34 shares during the period. 60.38% of the stock is currently owned by institutional investors.
CPK has been the subject of a number of analyst reports. BidaskClub upgraded Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded Chesapeake Utilities Corporation from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Sidoti initiated coverage on Chesapeake Utilities Corporation in a report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 target price for the company. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Chesapeake Utilities Corporation presently has an average rating of “Hold” and an average price target of $73.00.
Shares of Chesapeake Utilities Corporation (CPK) traded down $0.20 on Monday, hitting $80.45. The stock had a trading volume of 55,300 shares, compared to its average volume of 48,279. Chesapeake Utilities Corporation has a 12-month low of $60.20 and a 12-month high of $82.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.44. The stock has a market cap of $1,314.91, a price-to-earnings ratio of 29.91, a PEG ratio of 4.74 and a beta of 0.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.325 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.30 annualized dividend and a dividend yield of 1.62%. Chesapeake Utilities Corporation’s dividend payout ratio is presently 48.33%.
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Chesapeake Utilities Corporation 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.
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