The Manufacturers Life Insurance Company grew its stake in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,280 shares of the utilities provider’s stock after acquiring an additional 127 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Chesapeake Utilities Corporation worth $921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of Chesapeake Utilities Corporation by 2.6% in the 2nd quarter. State Street Corp now owns 320,874 shares of the utilities provider’s stock valued at $24,043,000 after buying an additional 8,078 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Chesapeake Utilities Corporation by 1,995.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 96,876 shares of the utilities provider’s stock valued at $7,261,000 after buying an additional 92,252 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Chesapeake Utilities Corporation by 10.4% in the 2nd quarter. Voya Investment Management LLC now owns 7,985 shares of the utilities provider’s stock valued at $598,000 after buying an additional 755 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Chesapeake Utilities Corporation by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 524,985 shares of the utilities provider’s stock valued at $39,348,000 after buying an additional 2,969 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Chesapeake Utilities Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 859,001 shares of the utilities provider’s stock valued at $64,383,000 after buying an additional 20,470 shares during the period. 60.38% of the stock is owned by institutional investors and hedge funds.

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Shares of Chesapeake Utilities Corporation (CPK) opened at $81.90 on Wednesday. The firm has a market cap of $1,310.01, a PE ratio of 29.80, a P/E/G ratio of 4.71 and a beta of 0.25. Chesapeake Utilities Corporation has a 52-week low of $62.30 and a 52-week high of $82.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.44 and a quick ratio of 0.39.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a $0.325 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.30 annualized dividend and a yield of 1.59%. Chesapeake Utilities Corporation’s dividend payout ratio is presently 48.33%.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Tuesday. Sidoti started coverage on shares of Chesapeake Utilities Corporation in a report on Wednesday, October 18th. They issued a “neutral” rating and a $85.00 price target for the company. Finally, BidaskClub upgraded shares of Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $76.40.

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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