Chesapeake Utilities Corporation $CPK Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its position in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 285,690 shares of the utilities provider’s stock after selling 6,145 shares during the quarter. Boston Trust Walden Corp’s holdings in Chesapeake Utilities were worth $34,346,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CPK. Farther Finance Advisors LLC lifted its holdings in shares of Chesapeake Utilities by 50.7% in the 1st quarter. Farther Finance Advisors LLC now owns 315 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 106 shares during the last quarter. ICW Investment Advisors LLC increased its holdings in Chesapeake Utilities by 1.8% in the 1st quarter. ICW Investment Advisors LLC now owns 7,090 shares of the utilities provider’s stock valued at $911,000 after purchasing an additional 128 shares during the last quarter. Cynosure Group LLC increased its holdings in Chesapeake Utilities by 5.3% in the 1st quarter. Cynosure Group LLC now owns 2,671 shares of the utilities provider’s stock valued at $343,000 after purchasing an additional 135 shares during the last quarter. AGP Franklin LLC increased its holdings in Chesapeake Utilities by 3.4% in the 1st quarter. AGP Franklin LLC now owns 4,124 shares of the utilities provider’s stock valued at $557,000 after purchasing an additional 136 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Chesapeake Utilities by 292.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 164 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chesapeake Utilities

In related news, CFO Beth W. Cooper sold 5,000 shares of Chesapeake Utilities stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $132.15, for a total value of $660,750.00. Following the completion of the transaction, the chief financial officer owned 90,713 shares in the company, valued at $11,987,722.95. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.51% of the stock is owned by corporate insiders.

Chesapeake Utilities Trading Down 0.4%

NYSE CPK opened at $134.39 on Wednesday. The firm has a 50 day simple moving average of $127.92 and a 200-day simple moving average of $125.84. 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 Corporation has a one year low of $115.12 and a one year high of $140.59. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 23.96 and a beta of 0.74.

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

Chesapeake Utilities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Monday, September 15th were paid a $0.685 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.74 dividend on an annualized basis and a yield of 2.0%. Chesapeake Utilities’s payout ratio is currently 48.84%.

Analyst Ratings Changes

Several research firms recently weighed in on CPK. Barclays set a $128.00 target price on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.50.

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.