Chesapeake Utilities Co. (CPK) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its stake in shares of Chesapeake Utilities Co. (NYSE:CPK) by 1.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 531,966 shares of the utilities provider’s stock after purchasing an additional 6,981 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Chesapeake Utilities were worth $41,627,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in Chesapeake Utilities by 11.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,210 shares of the utilities provider’s stock worth $990,000 after acquiring an additional 1,391 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in Chesapeake Utilities during the 3rd quarter worth $861,000. BNP Paribas Arbitrage SA raised its stake in Chesapeake Utilities by 75.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,809 shares of the utilities provider’s stock worth $360,000 after acquiring an additional 2,065 shares in the last quarter. SG Americas Securities LLC raised its stake in Chesapeake Utilities by 30.5% during the 3rd quarter. SG Americas Securities LLC now owns 15,389 shares of the utilities provider’s stock worth $1,204,000 after acquiring an additional 3,594 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in Chesapeake Utilities by 3.0% during the 2nd quarter. Martingale Asset Management L P now owns 65,557 shares of the utilities provider’s stock worth $4,914,000 after acquiring an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 62.16% of the company’s stock.
Chesapeake Utilities Co. (NYSE CPK) opened at $73.45 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 0.43. The company has a market cap of $1,200.00, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 3.71 and a beta of 0.27. Chesapeake Utilities Co. has a one year low of $63.00 and a one year high of $86.35.
Several brokerages recently commented on CPK. Sidoti began coverage on shares of Chesapeake Utilities in a research note on Wednesday, October 18th. They set a “neutral” rating and a $85.00 price target on the stock. Zacks Investment Research upgraded shares of Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Tuesday, November 14th.
In other Chesapeake Utilities news, Director Thomas P. Hill, Jr. acquired 1,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were bought at an average cost of $75.62 per share, for a total transaction of $75,620.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John R. Schimkaitis sold 2,500 shares of Chesapeake Utilities stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $76.65, for a total transaction of $191,625.00. The disclosure for this sale can be found here. Insiders own 4.16% of the company’s stock.
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Chesapeake Utilities Company 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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