Ameriprise Financial Inc. lessened its position in Chesapeake Utilities Corporation (NYSE:CPK) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,934 shares of the utilities provider’s stock after selling 11,850 shares during the period. Ameriprise Financial Inc. owned 0.66% of Chesapeake Utilities Corporation worth $8,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPK. Victory Capital Management Inc. increased its holdings in Chesapeake Utilities Corporation by 36.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,265 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 608 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Chesapeake Utilities Corporation by 255.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,744 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 1,973 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Chesapeake Utilities Corporation by 1.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,812 shares of the utilities provider’s stock worth $194,000 after purchasing an additional 46 shares in the last quarter. Sei Investments Co. increased its holdings in Chesapeake Utilities Corporation by 26.4% in the 1st quarter. Sei Investments Co. now owns 3,247 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 679 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Chesapeake Utilities Corporation by 5.6% in the 1st quarter. Stifel Financial Corp now owns 3,315 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 177 shares in the last quarter. 61.33% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $69.00.

Shares of Chesapeake Utilities Corporation (NYSE CPK) opened at 81.10 on Monday. Chesapeake Utilities Corporation has a 52 week low of $58.00 and a 52 week high of $81.95. The stock has a 50 day moving average price of $79.36 and a 200 day moving average price of $75.91. The firm has a market cap of $1.33 billion, a PE ratio of 31.53 and a beta of 0.27.

Chesapeake Utilities Corporation (NYSE:CPK) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.18). Chesapeake Utilities Corporation had a net margin of 7.40% and a return on equity of 9.18%. The company had revenue of $125.08 million during the quarter, compared to the consensus estimate of $116.50 million. During the same period last year, the firm posted $0.52 EPS. The company’s revenue was up 22.2% on a year-over-year basis. Equities analysts expect that Chesapeake Utilities Corporation will post $2.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Thursday, September 14th. Chesapeake Utilities Corporation’s dividend payout ratio (DPR) is presently 50.78%.

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Chesapeake Utilities Corporation 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.

Institutional Ownership by Quarter for Chesapeake Utilities Corporation (NYSE:CPK)

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