Sei Investments Co. Purchases 436 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Sei Investments Co. grew its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,032 shares of the utilities provider’s stock after acquiring an additional 436 shares during the quarter. Sei Investments Co. owned 0.22% of Chesapeake Utilities worth $6,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. grew its position in shares of Chesapeake Utilities by 3.8% during the 4th quarter. American Century Companies Inc. now owns 37,850 shares of the utilities provider’s stock worth $4,593,000 after purchasing an additional 1,395 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Chesapeake Utilities in the fourth quarter valued at approximately $50,000. Intech Investment Management LLC boosted its stake in shares of Chesapeake Utilities by 125.7% in the fourth quarter. Intech Investment Management LLC now owns 8,746 shares of the utilities provider’s stock valued at $1,061,000 after buying an additional 4,871 shares during the period. Cibc World Markets Corp acquired a new stake in Chesapeake Utilities during the fourth quarter worth approximately $251,000. Finally, Natixis Advisors LLC bought a new position in Chesapeake Utilities during the 4th quarter worth $1,216,000. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, March 7th.

Chesapeake Utilities Trading Up 0.2 %

Shares of CPK stock opened at $128.31 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38. Chesapeake Utilities Co. has a fifty-two week low of $98.32 and a fifty-two week high of $134.20. The company has a market cap of $2.95 billion, a PE ratio of 26.03 and a beta of 0.60. The stock’s fifty day moving average price is $124.92 and its two-hundred day moving average price is $123.85.

Chesapeake Utilities (NYSE:CPK) last released its earnings results on Wednesday, February 26th. The utilities provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.04). The business had revenue of $215.00 million during the quarter, compared to the consensus estimate of $237.84 million. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. During the same quarter in the prior year, the firm earned $1.64 EPS. Equities analysts predict that Chesapeake Utilities Co. will post 5.39 EPS for the current fiscal year.

Chesapeake Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, March 14th. Chesapeake Utilities’s payout ratio is 48.58%.

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.