California State Teachers Retirement System cut its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 9.7% during the third quarter, HoldingsChannel reports. The firm owned 25,266 shares of the utilities provider’s stock after selling 2,722 shares during the quarter. California State Teachers Retirement System’s holdings in Chesapeake Utilities were worth $1,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPK. Ameritas Investment Partners Inc. raised its holdings in shares of Chesapeake Utilities by 11.9% during the 2nd 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. Victory Capital Management Inc. raised its holdings in shares of Chesapeake Utilities by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,663 shares of the utilities provider’s stock worth $200,000 after acquiring an additional 398 shares in the last quarter. Pitcairn Co. purchased a new stake in shares of Chesapeake Utilities during the 3rd quarter worth approximately $201,000. Symons Capital Management Inc. purchased a new stake in shares of Chesapeake Utilities during the 3rd quarter worth approximately $223,000. Finally, Advisory Services Network LLC raised its holdings in shares of Chesapeake Utilities by 1.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,985 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 34 shares in the last quarter. 62.16% of the stock is currently owned by institutional investors.

CPK has been the topic of several recent research reports. Sidoti initiated coverage on Chesapeake Utilities in a report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 price objective on the stock. Zacks Investment Research raised Chesapeake Utilities from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd.

Shares of Chesapeake Utilities Co. (NYSE:CPK) opened at $71.60 on Thursday. The stock has a market capitalization of $1,168.63, a P/E ratio of 26.62, a PEG ratio of 3.52 and a beta of 0.26. Chesapeake Utilities Co. has a twelve month low of $63.10 and a twelve month high of $86.35. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43.

Chesapeake Utilities (NYSE:CPK) last released its earnings results on Thursday, November 9th. The utilities provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. Chesapeake Utilities had a return on equity of 9.58% and a net margin of 7.58%. equities research analysts predict that Chesapeake Utilities Co. will post 2.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, December 14th. Chesapeake Utilities’s dividend payout ratio is currently 48.33%.

In related news, Director Thomas P. Hill, Jr. bought 1,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were purchased at an average price of $75.62 per share, with a total value of $75,620.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John R. Schimkaitis sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $76.65, for a total value 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 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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Institutional Ownership by Quarter for Chesapeake Utilities (NYSE:CPK)

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