2,068 Shares in Chesapeake Utilities Co. (NYSE:CPK) Acquired by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in shares of Chesapeake Utilities Co. (NYSE:CPK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,068 shares of the utilities provider’s stock, valued at approximately $251,000.

Several other hedge funds have also bought and sold shares of the stock. Jane Street Group LLC raised its position in shares of Chesapeake Utilities by 11.6% during the 3rd quarter. Jane Street Group LLC now owns 41,032 shares of the utilities provider’s stock valued at $5,095,000 after buying an additional 4,262 shares in the last quarter. HighTower Advisors LLC raised its position in Chesapeake Utilities by 2.4% during the third quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider’s stock valued at $702,000 after purchasing an additional 130 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Chesapeake Utilities by 5.3% during the third 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 during the last quarter. Arizona State Retirement System boosted its holdings in shares of Chesapeake Utilities by 1.6% in the 4th quarter. Arizona State Retirement System now owns 6,516 shares of the utilities provider’s stock worth $791,000 after purchasing an additional 103 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Chesapeake Utilities by 4.0% during the 4th quarter. Van ECK Associates Corp now owns 6,323 shares of the utilities provider’s stock valued at $767,000 after purchasing an additional 246 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Chesapeake Utilities Stock Down 1.1 %

CPK opened at $124.58 on Wednesday. Chesapeake Utilities Co. has a 12 month low of $98.32 and a 12 month high of $134.20. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $124.62 and its 200-day moving average price is $123.65. The company has a market cap of $2.87 billion, a P/E ratio of 25.27 and a beta of 0.60.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.04). The company 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 last year, the firm earned $1.64 earnings per share. On average, equities analysts expect that Chesapeake Utilities Co. will post 5.39 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.56 annualized dividend and a yield of 2.05%. Chesapeake Utilities’s payout ratio is currently 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.