First National Bank of Omaha Acquires New Shares in Chesapeake Utilities Corporation $CPK

First National Bank of Omaha bought a new position in shares of Chesapeake Utilities Corporation (NYSE:CPK) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,229 shares of the utilities provider’s stock, valued at approximately $570,000.

Other institutional investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC purchased a new position in Chesapeake Utilities during the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of Chesapeake Utilities by 94.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 108 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Chesapeake Utilities by 292.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 164 shares during the period. Hantz Financial Services Inc. raised its position in shares of Chesapeake Utilities by 77.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 298 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 130 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Chesapeake Utilities by 25.6% during the third quarter. Jones Financial Companies Lllp now owns 613 shares of the utilities provider’s stock valued at $82,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CPK. Weiss Ratings reiterated a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Monday, December 29th. Wall Street Zen cut shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Barclays set a $141.00 price target on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.00.

Chesapeake Utilities Price Performance

NYSE:CPK opened at $133.77 on Friday. The firm’s fifty day moving average is $127.19 and its two-hundred day moving average is $128.99. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 23.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.55 and a current ratio of 0.62. Chesapeake Utilities Corporation has a one year low of $115.24 and a one year high of $140.59.

Insiders Place Their Bets

In other Chesapeake Utilities news, CEO Jeffry M. Householder sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $126.74, for a total value of $950,550.00. Following the completion of the transaction, the chief executive officer directly owned 56,916 shares of the company’s stock, valued at approximately $7,213,533.84. The trade was a 11.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 17,500 shares of company stock worth $2,218,185 in the last three months. 2.68% of the stock is currently owned by company insiders.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.