Vanguard Personalized Indexing Management LLC Grows Holdings in Chesapeake Utilities Corporation $CPK

Vanguard Personalized Indexing Management LLC grew its holdings in Chesapeake Utilities Corporation (NYSE:CPK) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,893 shares of the utilities provider’s stock after purchasing an additional 264 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Chesapeake Utilities were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CPK. Farther Finance Advisors LLC increased its stake in shares of Chesapeake Utilities by 50.7% during the first quarter. Farther Finance Advisors LLC now owns 315 shares of the utilities provider’s stock valued at $41,000 after buying an additional 106 shares during the period. Spire Wealth Management purchased a new position in shares of Chesapeake Utilities during the first quarter valued at $26,000. Rossby Financial LCC purchased a new position in shares of Chesapeake Utilities during the first quarter valued at $61,000. First Horizon Advisors Inc. increased its stake in shares of Chesapeake Utilities by 53.6% during the first quarter. First Horizon Advisors Inc. now owns 599 shares of the utilities provider’s stock valued at $77,000 after buying an additional 209 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Chesapeake Utilities during the first quarter valued at $603,000. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Trading Down 0.3%

Shares of NYSE:CPK opened at $131.66 on Thursday. Chesapeake Utilities Corporation has a 12-month low of $115.12 and a 12-month high of $140.59. The company has a market capitalization of $3.10 billion, a PE ratio of 23.47 and a beta of 0.74. The business has a 50 day moving average of $129.08 and a two-hundred day moving average of $125.98. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.83.

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

Chesapeake Utilities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Monday, September 15th were given a dividend of $0.685 per share. This represents a $2.74 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, September 15th. Chesapeake Utilities’s payout ratio is presently 48.84%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CPK. Weiss Ratings restated a “hold (c+)” rating on shares of Chesapeake Utilities in a research note on Wednesday, October 8th. BTIG Research began coverage on Chesapeake Utilities in a research note on Tuesday. They set a “neutral” rating on the stock. Finally, Barclays set a $128.00 target price on Chesapeake Utilities and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $128.50.

Insider Activity at Chesapeake Utilities

In other Chesapeake Utilities news, CFO Beth W. Cooper sold 5,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $132.15, for a total value of $660,750.00. Following the completion of the sale, the chief financial officer directly owned 90,713 shares in the company, valued at $11,987,722.95. This represents a 5.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.68% of the company’s stock.

About Chesapeake Utilities

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.