DekaBank Deutsche Girozentrale Has $716,000 Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

DekaBank Deutsche Girozentrale raised its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,439 shares of the company’s stock after purchasing an additional 151 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Chesapeake Energy were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Deutsche Bank AG raised its position in shares of Chesapeake Energy by 14.7% in the 3rd quarter. Deutsche Bank AG now owns 261,978 shares of the company’s stock valued at $22,590,000 after acquiring an additional 33,660 shares during the period. State of Alaska Department of Revenue raised its position in shares of Chesapeake Energy by 204.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,925 shares of the company’s stock valued at $1,717,000 after acquiring an additional 13,370 shares during the period. Townsquare Capital LLC raised its position in shares of Chesapeake Energy by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 13,104 shares of the company’s stock valued at $1,130,000 after acquiring an additional 816 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of Chesapeake Energy in the 3rd quarter valued at approximately $4,510,000. Finally, Cottage Street Advisors LLC acquired a new stake in shares of Chesapeake Energy in the 3rd quarter valued at approximately $1,693,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Energy Price Performance

Shares of CHK opened at $87.56 on Tuesday. The stock has a market capitalization of $11.45 billion, a P/E ratio of 5.20 and a beta of 0.52. Chesapeake Energy Co. has a twelve month low of $72.84 and a twelve month high of $91.03. The company has a 50 day moving average of $83.75 and a 200-day moving average of $81.87. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $962.95 million. During the same period last year, the business earned $4.22 EPS. As a group, equities research analysts forecast that Chesapeake Energy Co. will post 2.03 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were paid a $0.575 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $2.30 annualized dividend and a dividend yield of 2.63%. Chesapeake Energy’s dividend payout ratio is presently 13.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHK. Jefferies Financial Group cut their price target on shares of Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Mizuho reissued a “buy” rating and set a $100.00 target price on shares of Chesapeake Energy in a research note on Thursday, April 11th. Citigroup raised Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $82.00 to $95.00 in a research note on Friday, January 12th. Benchmark lowered their target price on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Finally, Scotiabank increased their target price on Chesapeake Energy from $92.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Chesapeake Energy currently has an average rating of “Hold” and a consensus target price of $103.58.

Chesapeake Energy Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.