IFM Investors Pty Ltd Has $208,000 Stock Position in Chesapeake Utilities Corporation $CPK

IFM Investors Pty Ltd decreased its stake in Chesapeake Utilities Corporation (NYSE:CPK) by 44.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,620 shares of the utilities provider’s stock after selling 1,298 shares during the period. IFM Investors Pty Ltd’s holdings in Chesapeake Utilities were worth $208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of Chesapeake Utilities in the first quarter worth $26,000. NBC Securities Inc. acquired a new stake in shares of Chesapeake Utilities in the first quarter worth $30,000. Byrne Asset Management LLC grew its stake 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 acquiring an additional 144 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Chesapeake Utilities by 50.7% in the first quarter. Farther Finance Advisors LLC now owns 315 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 106 shares during the last quarter. Finally, Rossby Financial LCC acquired a new stake in shares of Chesapeake Utilities in the first quarter worth $61,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

Wall Street Analysts Forecast Growth

CPK has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Barclays reduced their target price on Chesapeake Utilities from $124.00 to $120.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Chesapeake Utilities currently has a consensus rating of “Moderate Buy” and an average target price of $124.50.

Chesapeake Utilities Stock Down 0.1%

Shares of CPK stock opened at $125.17 on Friday. The stock has a market cap of $2.95 billion, a P/E ratio of 22.31 and a beta of 0.70. Chesapeake Utilities Corporation has a one year low of $115.12 and a one year high of $136.73. The stock has a fifty day moving average price of $123.05 and a 200 day moving average price of $124.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.42 and a quick ratio of 0.36.

Chesapeake Utilities (NYSE:CPK) last issued its earnings results on Thursday, August 7th. The utilities provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $192.80 million during the quarter, compared to analysts’ expectations of $182.45 million. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.Chesapeake Utilities’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.86 earnings per share. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.35 EPS. Analysts predict that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current year.

Chesapeake Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.685 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 2.2%. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.84%.

Chesapeake Utilities Company 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.