Chesapeake Utilities Corporation $CPK Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its stake in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,661 shares of the utilities provider’s stock after selling 772 shares during the quarter. Trexquant Investment LP’s holdings in Chesapeake Utilities were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jump Financial LLC acquired a new stake in shares of Chesapeake Utilities during the 1st quarter worth approximately $395,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in Chesapeake Utilities by 34.1% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,001 shares of the utilities provider’s stock worth $514,000 after buying an additional 1,017 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in Chesapeake Utilities by 0.6% in the 1st quarter. Bahl & Gaynor Inc. now owns 43,608 shares of the utilities provider’s stock worth $5,601,000 after buying an additional 239 shares in the last quarter. Wellington Management Group LLP bought a new position in Chesapeake Utilities in the 1st quarter worth approximately $26,299,000. Finally, Raymond James Financial Inc. grew its holdings in Chesapeake Utilities by 11.4% in the 1st quarter. Raymond James Financial Inc. now owns 46,926 shares of the utilities provider’s stock worth $6,027,000 after buying an additional 4,817 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPK has been the subject of a number of recent analyst reports. Barclays decreased their price objective on Chesapeake Utilities from $124.00 to $120.00 and set an “equal weight” rating for the company in a report on Tuesday, July 22nd. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, LADENBURG THALM/SH SH raised Chesapeake Utilities to a “strong-buy” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

Chesapeake Utilities Stock Up 0.8%

Shares of CPK stock opened at $125.48 on Friday. Chesapeake Utilities Corporation has a 1 year low of $115.12 and a 1 year high of $136.73. The stock has a market cap of $2.95 billion, a PE ratio of 22.37 and a beta of 0.70. The business’s fifty day moving average is $122.80 and its 200-day moving average is $124.93. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.36 and a current ratio of 0.42.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. The business had revenue of $192.80 million during the quarter, compared to analyst estimates of $182.45 million. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The company’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.35 EPS. Equities analysts expect that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.685 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.74 annualized dividend and a dividend yield of 2.2%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 48.84%.

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.