Goldman Sachs Group Inc. lifted its stake in Chesapeake Utilities Co. (NYSE:CPK) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 344,809 shares of the utilities provider’s stock after buying an additional 2,442 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Chesapeake Utilities were worth $27,085,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Yorktown Management & Research Co Inc raised its stake in shares of Chesapeake Utilities by 12.0% in the fourth quarter. Yorktown Management & Research Co Inc now owns 7,000 shares of the utilities provider’s stock worth $550,000 after buying an additional 750 shares during the period. American International Group Inc. raised its stake in shares of Chesapeake Utilities by 8.1% in the third quarter. American International Group Inc. now owns 10,605 shares of the utilities provider’s stock worth $830,000 after buying an additional 793 shares during the period. Sei Investments Co. raised its stake in shares of Chesapeake Utilities by 24.7% in the third quarter. Sei Investments Co. now owns 4,420 shares of the utilities provider’s stock worth $345,000 after buying an additional 875 shares during the period. TD Asset Management Inc. raised its stake in shares of Chesapeake Utilities by 7.5% in the third quarter. TD Asset Management Inc. now owns 12,960 shares of the utilities provider’s stock worth $1,014,000 after buying an additional 900 shares during the period. Finally, Tiedemann Wealth Management LLC raised its stake in shares of Chesapeake Utilities by 3.7% in the third quarter. Tiedemann Wealth Management LLC now owns 25,730 shares of the utilities provider’s stock worth $2,014,000 after buying an additional 910 shares during the period. 62.24% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on CPK shares. Sidoti raised Chesapeake Utilities from a “neutral” rating to a “buy” rating in a research note on Monday, March 19th. Zacks Investment Research raised Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Friday, March 16th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Chesapeake Utilities in a research note on Monday, March 5th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Chesapeake Utilities has an average rating of “Buy” and a consensus price target of $79.67.
Shares of CPK stock opened at $70.00 on Friday. The stock has a market capitalization of $1,194.78, a P/E ratio of 19.72, a P/E/G ratio of 3.54 and a beta of 0.26. Chesapeake Utilities Co. has a 12 month low of $66.35 and a 12 month high of $86.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.38 and a current ratio of 0.43.
Chesapeake Utilities (NYSE:CPK) last issued its earnings results on Wednesday, February 28th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The company had revenue of $180.40 million for the quarter, compared to the consensus estimate of $147.85 million. Chesapeake Utilities had a return on equity of 10.10% and a net margin of 9.41%. equities analysts forecast that Chesapeake Utilities Co. will post 3.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, March 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 36.62%.
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Chesapeake Utilities Profile
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.
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