Chesapeake Utilities Co. (NYSE:CPK) Shares Purchased by Keybank National Association OH

Keybank National Association OH grew its stake in shares of Chesapeake Utilities Co. (NYSE:CPK) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,652 shares of the utilities provider’s stock after acquiring an additional 201 shares during the period. Keybank National Association OH’s holdings in Chesapeake Utilities were worth $565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its position in shares of Chesapeake Utilities by 0.9% during the 3rd quarter. State Street Corp now owns 1,222,149 shares of the utilities provider’s stock valued at $152,513,000 after acquiring an additional 11,068 shares during the period. Geode Capital Management LLC increased its stake in shares of Chesapeake Utilities by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 516,586 shares of the utilities provider’s stock worth $64,157,000 after purchasing an additional 8,358 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Chesapeake Utilities by 2.7% during the 4th quarter. Jennison Associates LLC now owns 495,178 shares of the utilities provider’s stock worth $60,090,000 after purchasing an additional 12,889 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Chesapeake Utilities by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 287,993 shares of the utilities provider’s stock worth $35,760,000 after purchasing an additional 14,430 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Chesapeake Utilities by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 269,886 shares of the utilities provider’s stock worth $32,751,000 after purchasing an additional 10,822 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPK has been the subject of a number of recent research reports. StockNews.com raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday. Guggenheim raised 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.

Chesapeake Utilities Stock Up 2.5 %

CPK stock opened at $130.37 on Monday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 26.44 and a beta of 0.60. 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 one year low of $98.32 and a one year high of $134.20. The company has a 50 day moving average price of $122.93 and a two-hundred day moving average price of $122.93.

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

Chesapeake Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.96%. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.58%.

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.