4,469 Shares in Chesapeake Utilities Co. (NYSE:CPK) Bought by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC purchased a new position in shares of Chesapeake Utilities Co. (NYSE:CPK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,469 shares of the utilities provider’s stock, valued at approximately $542,000.

Other institutional investors have also made changes to their positions in the company. Copeland Capital Management LLC increased its stake in shares of Chesapeake Utilities by 9.5% during the 3rd quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider’s stock worth $73,567,000 after purchasing an additional 51,164 shares during the last quarter. Barclays PLC increased its position in Chesapeake Utilities by 342.4% during the third quarter. Barclays PLC now owns 37,048 shares of the utilities provider’s stock worth $4,600,000 after buying an additional 28,673 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Chesapeake Utilities by 9.5% during the third quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider’s stock valued at $37,320,000 after buying an additional 26,147 shares in the last quarter. Riverwater Partners LLC acquired a new stake in shares of Chesapeake Utilities in the third quarter worth about $1,826,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Chesapeake Utilities by 31.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,561 shares of the utilities provider’s stock worth $7,644,000 after acquiring an additional 14,607 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Guggenheim boosted their price objective on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $123.00.

Chesapeake Utilities Stock Performance

Shares of NYSE CPK opened at $122.30 on Tuesday. Chesapeake Utilities Co. has a 12 month low of $98.25 and a 12 month high of $134.20. The company has a market cap of $2.79 billion, a P/E ratio of 24.81 and a beta of 0.65. The business’s 50 day moving average is $122.78 and its two-hundred day moving average is $121.67. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.87.

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.