Deutsche Bank AG Invests $4.21 Million in Chesapeake Utilities Corporation $CPK

Deutsche Bank AG purchased a new stake in Chesapeake Utilities Corporation (NYSE:CPK) during the 2nd quarter, HoldingsChannel reports. The fund purchased 34,341 shares of the utilities provider’s stock, valued at approximately $4,206,000.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Chesapeake Utilities by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,020,146 shares of the utilities provider’s stock worth $252,033,000 after acquiring an additional 49,789 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Chesapeake Utilities by 54.4% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 202,264 shares of the utilities provider’s stock valued at $25,234,000 after purchasing an additional 71,242 shares during the period. M&T Bank Corp bought a new stake in shares of Chesapeake Utilities during the 4th quarter valued at $2,880,000. Renaissance Technologies LLC purchased a new stake in Chesapeake Utilities during the 1st quarter worth about $1,219,000. Finally, Moody Aldrich Partners LLC lifted its holdings in Chesapeake Utilities by 31.7% during the 4th quarter. Moody Aldrich Partners LLC now owns 45,737 shares of the utilities provider’s stock worth $5,706,000 after purchasing an additional 10,997 shares in the last quarter. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CPK. Wall Street Zen downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Finally, Wells Fargo & Company raised their price objective on shares of Chesapeake Utilities from $132.00 to $134.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $138.00.

Chesapeake Utilities Stock Up 0.1%

Shares of NYSE:CPK opened at $135.34 on Wednesday. The firm has a market capitalization of $3.26 billion, a PE ratio of 21.59 and a beta of 0.68. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.32. Chesapeake Utilities Corporation has a 52-week low of $118.88 and a 52-week high of $140.83. The firm has a fifty day moving average of $130.41 and a 200 day moving average of $128.93.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The firm had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $198.91 million. During the same quarter in the previous year, the business earned $1.04 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. As a group, research analysts anticipate that Chesapeake Utilities Corporation will post 6.42 EPS for the current fiscal year.

Chesapeake Utilities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Monday, September 14th will be paid a $0.735 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $2.94 annualized dividend and a yield of 2.2%. Chesapeake Utilities’s dividend payout ratio is currently 46.89%.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.