Chesapeake Utilities Co. (CPK) Shares Bought by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. boosted its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 143,935 shares of the utilities provider’s stock after acquiring an additional 1,998 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Chesapeake Utilities were worth $11,306,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its position in Chesapeake Utilities by 11.9% in the second quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 148 shares in the last quarter. Pitcairn Co. purchased a new position in Chesapeake Utilities in the third quarter worth $201,000. Chevy Chase Trust Holdings Inc. purchased a new position in Chesapeake Utilities in the third quarter worth $207,000. Symons Capital Management Inc. purchased a new position in Chesapeake Utilities in the third quarter worth $223,000. Finally, JPMorgan Chase & Co. purchased a new position in Chesapeake Utilities in the third quarter worth $229,000. Hedge funds and other institutional investors own 62.34% of the company’s stock.
In other news, insider John R. Schimkaitis sold 2,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $76.65, for a total value of $191,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas P. Hill, Jr. purchased 1,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was purchased at an average price of $75.62 per share, with a total value of $75,620.00. The disclosure for this purchase can be found here. Company insiders own 4.16% of the company’s stock.
Chesapeake Utilities Co. (CPK) opened at $68.45 on Monday. The stock has a market capitalization of $1,118.78, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.37 and a beta of 0.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.44 and a quick ratio of 0.39. Chesapeake Utilities Co. has a 52-week low of $66.25 and a 52-week high of $86.35.
Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Chesapeake Utilities had a return on equity of 10.23% and a net margin of 9.41%. The business had revenue of $180.40 million during the quarter, compared to analysts’ expectations of $147.85 million. equities analysts expect that Chesapeake Utilities Co. will post 3.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 14th. Chesapeake Utilities’s dividend payout ratio is currently 36.62%.
About Chesapeake Utilities
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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