Clear Harbor Asset Management LLC Boosts Stock Holdings in Chesapeake Utilities Co. (NYSE:CPK)

Clear Harbor Asset Management LLC grew its stake in shares of Chesapeake Utilities Co. (NYSE:CPK) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,601 shares of the utilities provider’s stock after buying an additional 212 shares during the period. Clear Harbor Asset Management LLC’s holdings in Chesapeake Utilities were worth $6,262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Chesapeake Utilities by 0.9% in the 3rd quarter. State Street Corp now owns 1,222,149 shares of the utilities provider’s stock worth $152,513,000 after purchasing an additional 11,068 shares during the period. Copeland Capital Management LLC grew its stake in Chesapeake Utilities by 9.5% during the third quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider’s stock worth $73,567,000 after buying an additional 51,164 shares during the period. Geode Capital Management LLC increased its position in shares of Chesapeake Utilities by 1.6% in the third quarter. Geode Capital Management LLC now owns 516,586 shares of the utilities provider’s stock worth $64,157,000 after acquiring an additional 8,358 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Chesapeake Utilities by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock valued at $51,979,000 after acquiring an additional 19,100 shares during the period. Finally, Boston Trust Walden Corp boosted its position in Chesapeake Utilities by 9.5% during the 3rd quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider’s stock worth $37,320,000 after purchasing an additional 26,147 shares during the period. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Utilities Stock Performance

Shares of CPK opened at $124.02 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32. Chesapeake Utilities Co. has a 12-month low of $98.25 and a 12-month high of $134.20. The business’s fifty day moving average price is $124.88 and its 200 day moving average price is $120.69. The stock has a market capitalization of $2.83 billion, a PE ratio of 25.16 and a beta of 0.65.

Chesapeake Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were paid a dividend of $0.64 per share. The ex-dividend date was Monday, December 16th. This represents a $2.56 dividend on an annualized basis and a yield of 2.06%. Chesapeake Utilities’s payout ratio is currently 51.93%.

Analyst Ratings Changes

Several equities analysts recently commented on CPK shares. Guggenheim boosted their price target on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Barclays lifted their price target on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chesapeake Utilities presently has a consensus rating of “Hold” and an average target price of $123.00.

Chesapeake Utilities Company 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.