Clear Harbor Asset Management LLC Purchases Shares of 49,549 Chesapeake Utilities Corporation $CPK

Clear Harbor Asset Management LLC acquired a new position in shares of Chesapeake Utilities Corporation (NYSE:CPK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 49,549 shares of the utilities provider’s stock, valued at approximately $6,069,000. Clear Harbor Asset Management LLC owned approximately 0.21% of Chesapeake Utilities as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. M&T Bank Corp bought a new position in Chesapeake Utilities during the 4th quarter valued at $2,880,000. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Chesapeake Utilities by 54.4% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 202,264 shares of the utilities provider’s stock worth $25,234,000 after acquiring an additional 71,242 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Chesapeake Utilities by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,020,146 shares of the utilities provider’s stock valued at $252,033,000 after purchasing an additional 49,789 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Chesapeake Utilities during the first quarter worth about $1,219,000. Finally, Moody Aldrich Partners LLC boosted its holdings in Chesapeake Utilities by 31.7% during the fourth quarter. Moody Aldrich Partners LLC now owns 45,737 shares of the utilities provider’s stock worth $5,706,000 after purchasing an additional 10,997 shares during the last quarter. Institutional investors own 83.11% of the company’s stock.

Analysts Set New Price Targets

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

Chesapeake Utilities Trading Down 2.5%

Shares of CPK stock opened at $134.15 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.23 billion, a P/E ratio of 21.40 and a beta of 0.68. The company has a 50 day moving average of $129.87 and a 200-day moving average of $128.85. 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 quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The firm had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $198.91 million. Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. Chesapeake Utilities’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 EPS. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Sell-side analysts anticipate that Chesapeake Utilities Corporation will post 6.42 earnings per share for the current year.

Chesapeake Utilities Announces Dividend

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

Chesapeake Utilities Company 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.