Chesapeake Utilities Corporation (CPK) Shares Bought by Northern Trust Corp
Northern Trust Corp boosted its position in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,114 shares of the utilities provider’s stock after acquiring an additional 2,255 shares during the period. Northern Trust Corp owned 1.27% of Chesapeake Utilities Corporation worth $15,523,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in Chesapeake Utilities Corporation by 36.7% during the 1st quarter. Victory Capital Management Inc. now owns 2,265 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 608 shares during the last quarter. Stifel Financial Corp lifted its position in Chesapeake Utilities Corporation by 5.6% during the 1st quarter. Stifel Financial Corp now owns 3,315 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 177 shares during the last quarter. Eqis Capital Management Inc. lifted its position in Chesapeake Utilities Corporation by 13.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 3,391 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 390 shares during the last quarter. Citadel Advisors LLC acquired a new position in Chesapeake Utilities Corporation during the 1st quarter worth $235,000. Finally, Sei Investments Co. lifted its position in Chesapeake Utilities Corporation by 9.2% during the 2nd quarter. Sei Investments Co. now owns 3,545 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 298 shares during the last quarter. 61.21% of the stock is owned by hedge funds and other institutional investors.
Chesapeake Utilities Corporation (NYSE:CPK) opened at 80.05 on Tuesday. Chesapeake Utilities Corporation has a 12-month low of $58.00 and a 12-month high of $82.15. The company has a market cap of $1.31 billion, a P/E ratio of 31.12 and a beta of 0.27. The stock’s 50 day moving average is $79.86 and its 200 day moving average is $76.80.
Chesapeake Utilities Corporation (NYSE:CPK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.18). The company had revenue of $125.08 million for the quarter, compared to analyst estimates of $116.50 million. Chesapeake Utilities Corporation had a return on equity of 9.18% and a net margin of 7.40%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. On average, equities analysts forecast that Chesapeake Utilities Corporation will post $2.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Thursday, September 14th. Chesapeake Utilities Corporation’s dividend payout ratio is presently 50.78%.
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CPK has been the subject of a number of research analyst reports. BidaskClub raised shares of Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research raised shares of Chesapeake Utilities Corporation from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Sidoti initiated coverage on shares of Chesapeake Utilities Corporation in a research report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Chesapeake Utilities Corporation presently has a consensus rating of “Hold” and an average target price of $73.00.
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.
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