1,691 Shares in Chesapeake Utilities Corporation (NYSE:CPK) Bought by Xponance Inc.

Xponance Inc. purchased a new stake in shares of Chesapeake Utilities Corporation (NYSE:CPK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,691 shares of the utilities provider’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Chesapeake Utilities by 50.7% in the first quarter. Farther Finance Advisors LLC now owns 315 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 106 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Chesapeake Utilities by 4.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,313 shares of the utilities provider’s stock worth $281,000 after buying an additional 109 shares during the last quarter. Byrne Asset Management LLC lifted its position in shares of Chesapeake Utilities by 114.3% in the first quarter. Byrne Asset Management LLC now owns 270 shares of the utilities provider’s stock worth $35,000 after buying an additional 144 shares during the last quarter. Pitcairn Co. lifted its position in shares of Chesapeake Utilities by 2.7% in the fourth quarter. Pitcairn Co. now owns 5,767 shares of the utilities provider’s stock worth $700,000 after buying an additional 150 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Chesapeake Utilities by 3.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,396 shares of the utilities provider’s stock worth $533,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Stock Performance

CPK stock opened at $122.04 on Friday. The business’s fifty day moving average is $121.49 and its 200-day moving average is $124.65. Chesapeake Utilities Corporation has a twelve month low of $111.00 and a twelve month high of $136.73. The company has a market cap of $2.85 billion, a P/E ratio of 22.56 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.87.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.06). The company had revenue of $298.70 million during the quarter, compared to the consensus estimate of $248.45 million. Chesapeake Utilities had a net margin of 14.69% and a return on equity of 9.19%. Chesapeake Utilities’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 EPS. Equities research analysts forecast that Chesapeake Utilities Corporation will post 5.39 EPS for the current year.

Chesapeake Utilities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were issued a dividend of $0.685 per share. The ex-dividend date was Monday, June 16th. This represents a $2.74 dividend on an annualized basis and a yield of 2.25%. This is a boost from Chesapeake Utilities’s previous quarterly dividend of $0.64. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 50.65%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CPK shares. Barclays cut their price objective on Chesapeake Utilities from $125.00 to $124.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, LADENBURG THALM/SH SH upgraded Chesapeake Utilities to a “strong-buy” rating in a research note on Friday, May 9th.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.