Focus Partners Advisor Solutions LLC Acquires New Position in Chesapeake Utilities Corporation $CPK

Focus Partners Advisor Solutions LLC acquired a new stake in Chesapeake Utilities Corporation (NYSE:CPK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,638 shares of the utilities provider’s stock, valued at approximately $813,000.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Chesapeake Utilities by 8.0% during the 1st quarter. Royal Bank of Canada now owns 28,886 shares of the utilities provider’s stock valued at $3,710,000 after acquiring an additional 2,139 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Chesapeake Utilities by 69.6% during the first quarter. AQR Capital Management LLC now owns 6,283 shares of the utilities provider’s stock worth $807,000 after purchasing an additional 2,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Chesapeake Utilities by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,452 shares of the utilities provider’s stock valued at $1,728,000 after purchasing an additional 870 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Chesapeake Utilities by 3.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,096 shares of the utilities provider’s stock valued at $10,158,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Chesapeake Utilities by 1,714.7% in the first quarter. Jane Street Group LLC now owns 47,328 shares of the utilities provider’s stock valued at $6,078,000 after buying an additional 44,720 shares during the period. Institutional investors and hedge funds own 83.11% of the company’s stock.

Chesapeake Utilities Stock Performance

Shares of Chesapeake Utilities stock opened at $134.61 on Tuesday. The stock’s fifty day simple moving average is $128.84 and its 200 day simple moving average is $128.61. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $3.24 billion, a PE ratio of 21.47 and a beta of 0.68. Chesapeake Utilities Corporation has a 12 month low of $118.88 and a 12 month high of $140.83.

Chesapeake Utilities (NYSE:CPK) last posted its earnings results on Thursday, August 6th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The business had revenue of $201.90 million during the quarter, compared to analyst estimates of $198.91 million. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. On average, research analysts predict that Chesapeake Utilities Corporation will post 6.42 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, September 14th. Chesapeake Utilities’s payout ratio is 46.89%.

Insider Activity at Chesapeake Utilities

In other Chesapeake Utilities news, CEO Jeffry M. Householder sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.12, for a total transaction of $1,261,200.00. Following the sale, the chief executive officer directly owned 63,001 shares in the company, valued at approximately $7,945,686.12. This trade represents a 13.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kevin J. Webber sold 2,000 shares of Chesapeake Utilities stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $127.37, for a total transaction of $254,740.00. Following the completion of the transaction, the senior vice president directly owned 12,652 shares in the company, valued at approximately $1,611,485.24. The trade was a 13.65% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPK. Barclays set a $142.00 target price on Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Monday, April 20th. Wells Fargo & Company upped their price target on Chesapeake Utilities from $132.00 to $134.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Weiss Ratings raised shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Wall Street Zen cut shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $138.00.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.