Cbre Investment Management Listed Real Assets LLC Increases Stock Holdings in Chesapeake Utilities Corporation $CPK

Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 119.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,764 shares of the utilities provider’s stock after buying an additional 4,763 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Chesapeake Utilities were worth $1,054,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Jennison Associates LLC boosted its holdings in Chesapeake Utilities by 4.2% during the 2nd quarter. Jennison Associates LLC now owns 540,199 shares of the utilities provider’s stock worth $64,943,000 after acquiring an additional 21,968 shares during the last quarter. Invesco Ltd. lifted its position in shares of Chesapeake Utilities by 4.6% during the first quarter. Invesco Ltd. now owns 485,822 shares of the utilities provider’s stock valued at $62,394,000 after purchasing an additional 21,143 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Chesapeake Utilities by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 271,788 shares of the utilities provider’s stock worth $34,906,000 after purchasing an additional 1,902 shares during the last quarter. Wellington Management Group LLP purchased a new position in Chesapeake Utilities during the first quarter worth about $26,299,000. Finally, Zimmer Partners LP grew its position in Chesapeake Utilities by 57.1% in the 1st quarter. Zimmer Partners LP now owns 177,048 shares of the utilities provider’s stock worth $22,738,000 after purchasing an additional 64,353 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors.

Chesapeake Utilities Stock Performance

Shares of CPK stock opened at $133.94 on Friday. The company has a market capitalization of $3.15 billion, a P/E ratio of 23.88 and a beta of 0.79. Chesapeake Utilities Corporation has a fifty-two week low of $115.12 and a fifty-two week high of $140.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.36 and a current ratio of 0.42. The stock has a 50 day moving average price of $130.41 and a two-hundred day moving average price of $125.98.

Chesapeake Utilities (NYSE:CPK) last issued its earnings results on Thursday, November 6th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $167.30 million. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.350 EPS. Analysts expect that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 15th will be paid a $0.685 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.74 annualized dividend and a dividend yield of 2.0%. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.84%.

Insider Transactions at Chesapeake Utilities

In other Chesapeake Utilities news, CFO Beth W. Cooper sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $132.15, for a total transaction of $660,750.00. Following the completion of the transaction, the chief financial officer owned 90,713 shares of the company’s stock, valued at $11,987,722.95. This represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on CPK shares. BTIG Research assumed coverage on Chesapeake Utilities in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Barclays set a $141.00 target price on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chesapeake Utilities in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $135.00.

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.