Daiwa Securities Group Inc. Has $578,000 Stock Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

Daiwa Securities Group Inc. increased its stake in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,513 shares of the company’s stock after acquiring an additional 813 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Chesapeake Energy were worth $578,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Deutsche Bank AG boosted its holdings in shares of Chesapeake Energy by 14.7% during the third quarter. Deutsche Bank AG now owns 261,978 shares of the company’s stock worth $22,590,000 after acquiring an additional 33,660 shares during the period. State of Alaska Department of Revenue boosted its stake in 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 purchasing an additional 13,370 shares during the period. Townsquare Capital LLC increased its position in Chesapeake Energy by 6.6% during the 3rd quarter. Townsquare Capital LLC now owns 13,104 shares of the company’s stock worth $1,130,000 after buying an additional 816 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of Chesapeake Energy during the third quarter worth $4,510,000. Finally, Cottage Street Advisors LLC acquired a new stake in shares of Chesapeake Energy during the third quarter worth $1,693,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Benchmark lowered their price target on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Mizuho reissued a “buy” rating and issued a $100.00 price objective on shares of Chesapeake Energy in a research note on Thursday, April 11th. TheStreet downgraded Chesapeake Energy from a “b-” rating to a “c+” rating in a report on Friday, December 29th. Jefferies Financial Group decreased their price target on Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, KeyCorp initiated coverage on Chesapeake Energy in a research report on Thursday, April 4th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $104.73.

Chesapeake Energy Trading Up 0.9 %

Shares of CHK stock opened at $91.47 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $11.96 billion, a P/E ratio of 5.43 and a beta of 0.52. Chesapeake Energy Co. has a twelve month low of $72.84 and a twelve month high of $91.54. The stock’s fifty day simple moving average is $85.63 and its 200 day simple moving average is $82.14.

Chesapeake Energy (NASDAQ:CHK) last released 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. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $962.95 million. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. During the same period in the previous year, the business posted $4.22 earnings per share. As a group, sell-side analysts predict that Chesapeake Energy Co. will post 1.76 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 7th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio (DPR) is currently 13.66%.

About Chesapeake Energy

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.