Dana Investment Advisors Inc. cut its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,223 shares of the utilities provider’s stock after selling 1,071 shares during the period. Dana Investment Advisors Inc. owned 0.17% of Chesapeake Utilities worth $2,295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Essex Investment Management Co. LLC acquired a new position in Chesapeake Utilities in the 4th quarter valued at $74,000. Quantamental Technologies LLC acquired a new position in Chesapeake Utilities in the 4th quarter valued at $75,000. Howe & Rusling Inc. acquired a new position in Chesapeake Utilities in the 4th quarter valued at $105,000. FDx Advisors Inc. acquired a new position in Chesapeake Utilities in the 4th quarter valued at $227,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Chesapeake Utilities in the 3rd quarter valued at $263,000. Institutional investors own 64.64% of the company’s stock.

Several research analysts have weighed in on CPK shares. Maxim Group started coverage on Chesapeake Utilities in a report on Wednesday, November 28th. They issued a “buy” rating and a $100.00 price target for the company. Janney Montgomery Scott downgraded Chesapeake Utilities from a “buy” rating to a “neutral” rating and set a $92.24 price target for the company. in a report on Monday, December 17th. They noted that the move was a valuation call. Zacks Investment Research downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Monday, January 14th. Finally, Wells Fargo & Co boosted their price target on Chesapeake Utilities from $84.00 to $90.00 and gave the company a “market perform” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $93.31.

CPK stock opened at $92.36 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 27.90, a PEG ratio of 4.26 and a beta of 0.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.36 and a quick ratio of 0.33. Chesapeake Utilities Co. has a 52 week low of $67.10 and a 52 week high of $94.87.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.60%. Chesapeake Utilities’s payout ratio is 44.71%.

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Chesapeake Utilities Profile

Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.

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Institutional Ownership by Quarter for Chesapeake Utilities (NYSE:CPK)

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