Chesapeake Utilities Co. (CPK) Shares Sold by Clear Harbor Asset Management LLC
Clear Harbor Asset Management LLC decreased its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,941 shares of the utilities provider’s stock after selling 949 shares during the period. Chesapeake Utilities comprises about 1.2% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding. Clear Harbor Asset Management LLC owned 0.48% of Chesapeake Utilities worth $6,122,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the business. Strs Ohio bought a new stake in shares of Chesapeake Utilities in the 4th quarter worth $361,000. First Manhattan Co. grew its holdings in shares of Chesapeake Utilities by 22.8% in the fourth quarter. First Manhattan Co. now owns 89,047 shares of the utilities provider’s stock worth $6,994,000 after acquiring an additional 16,540 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Chesapeake Utilities by 6.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,577 shares of the utilities provider’s stock worth $6,016,000 after acquiring an additional 4,570 shares during the period. California Public Employees Retirement System grew its holdings in shares of Chesapeake Utilities by 11.5% in the third quarter. California Public Employees Retirement System now owns 42,661 shares of the utilities provider’s stock worth $3,338,000 after acquiring an additional 4,411 shares during the period. Finally, Chevy Chase Trust Holdings Inc. bought a new stake in shares of Chesapeake Utilities in the third quarter worth $207,000. 62.16% of the stock is owned by institutional investors and hedge funds.
In other Chesapeake Utilities news, Director Thomas P. Hill, Jr. acquired 1,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were acquired 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 can be accessed through this link. Also, insider John R. Schimkaitis sold 2,500 shares of the business’s stock in a transaction dated 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. 4.16% of the stock is currently owned by insiders.
Chesapeake Utilities Co. (NYSE CPK) traded up $2.75 during midday trading on Tuesday, reaching $71.85. The company had a trading volume of 110,400 shares, compared to its average volume of 76,650. The stock has a market capitalization of $1,129.40, a P/E ratio of 26.71, a PEG ratio of 3.40 and a beta of 0.26. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 0.43. Chesapeake Utilities Co. has a 12 month low of $63.10 and a 12 month high of $86.35.
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%. sell-side analysts anticipate 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. Investors of record on Friday, December 15th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.30 annualized dividend and a yield of 1.81%. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.33%.
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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