1 week Ago By ABMN Staff
Norges Bank acquired a new stake in shares of Chesapeake Utilities Co. ( NYSE:CPK – Free Report ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,270 shares of the utilities provider’s stock, valued at approximately $1,732,000.
Norges Bank owned 0.06% of Chesapeake Utilities as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors have also added to or reduced their stakes in CPK.
Vanguard Group Inc. raised its holdings in shares of Chesapeake Utilities by 2.4% in the 4th quarter.
Vanguard Group Inc. now owns 1,934,574 shares of the utilities provider’s stock valued at $234,761,000 after acquiring an additional 44,692 shares in the last quarter. State Street Corp raised its stake in Chesapeake Utilities by 0.
9% in the third quarter. State Street Corp now owns 1,222,149 shares of the utilities provider’s stock valued at $152,513,000 after purchasing an additional 11,068 shares in the last quarter. Geode Capital Management LLC lifted its position in Chesapeake Utilities by 1.
6% during the third quarter. Geode Capital Management LLC now owns 516,586 shares of the utilities provider’s stock valued at $64,157,000 after purchasing an additional 8,358 shares during the last quarter. Jennison Associates LLC grew its stake in Chesapeake Utilities by 2.
7% in the 4th quarter. Jennison Associates LLC now owns 495,178 shares of the utilities provider’s stock worth $60,090,000 after buying an additional 12,889 shares in the last quarter. Finally, JPMorgan Chase & Co.
increased its holdings in shares of Chesapeake Utilities by 10.3% in the 4th quarter. JPMorgan Chase & Co.
now owns 317,752 shares of the utilities provider’s stock worth $38,559,000 after buying an additional 29,759 shares during the last quarter. 83.11% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades A number of research firms have recently issued reports on CPK. LADENBURG THALM/SH SH raised shares of Chesapeake Utilities to a “strong-buy” rating in a report on Thursday, April 3rd. StockNews.
com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.
com, Chesapeake Utilities presently has a consensus rating of “Hold” and an average price target of $122.67. Chesapeake Utilities Price Performance Shares of NYSE:CPK opened at $131.
23 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.
38 and a debt-to-equity ratio of 0.87. The stock has a market cap of $3.
02 billion, a PE ratio of 26.62 and a beta of 0.66.
The company’s fifty day moving average is $126.20 and its 200 day moving average is $124.25.
Chesapeake Utilities Co. has a 52 week low of $98.32 and a 52 week high of $134.
86. Chesapeake Utilities ( NYSE:CPK – Get Free Report ) last released its earnings results on Wednesday, February 26th. The utilities provider reported $1.
63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.04).
Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%.
The company had revenue of $215.00 million during the quarter, compared to the consensus estimate of $237.84 million.
During the same period last year, the firm posted $1.64 EPS. Research analysts anticipate that Chesapeake Utilities Co.
will post 5.39 earnings per share for the current year. Chesapeake Utilities Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, April 7th.
Investors of record on Friday, March 14th were paid a $0.64 dividend. This represents a $2.
56 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, March 14th.
Chesapeake Utilities’s payout ratio is 48.58%. About Chesapeake Utilities ( Free Report ) 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. Featured Articles Receive News & Ratings for Chesapeake Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities and related companies with MarketBeat.
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