Rhumbline Advisers raised its holdings in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,125 shares of the utilities provider’s stock after buying an additional 202 shares during the quarter. Rhumbline Advisers owned about 0.12% of Chesapeake Utilities Corporation worth $1,433,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CPK. Victory Capital Management Inc. grew its holdings in shares of Chesapeake Utilities Corporation by 36.7% in the first quarter. Victory Capital Management Inc. now owns 2,265 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 608 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Chesapeake Utilities Corporation by 255.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,744 shares of the utilities provider’s stock valued at $190,000 after purchasing an additional 1,973 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Chesapeake Utilities Corporation by 1.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,812 shares of the utilities provider’s stock valued at $194,000 after purchasing an additional 46 shares during the period. Sei Investments Co. grew its holdings in shares of Chesapeake Utilities Corporation by 26.4% in the first quarter. Sei Investments Co. now owns 3,247 shares of the utilities provider’s stock valued at $225,000 after purchasing an additional 679 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Chesapeake Utilities Corporation by 5.6% in the first quarter. Stifel Financial Corp now owns 3,315 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 177 shares during the period. 61.33% of the stock is owned by institutional investors and hedge funds.

In other Chesapeake Utilities Corporation news, CEO P. Mcmasters Michael sold 5,500 shares of Chesapeake Utilities Corporation stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $74.56, for a total value of $410,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.36% of the stock is owned by insiders.

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Chesapeake Utilities Corporation (NYSE CPK) opened at 78.20 on Thursday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 30.40 and a beta of 0.27. Chesapeake Utilities Corporation has a 52 week low of $57.63 and a 52 week high of $81.95. The firm’s 50-day moving average is $79.19 and its 200 day moving average is $74.45.

Chesapeake Utilities Corporation (NYSE:CPK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.18). The business had revenue of $125.08 million during the quarter, compared to analysts’ expectations of $116.50 million. Chesapeake Utilities Corporation had a net margin of 7.40% and a return on equity of 9.18%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. On average, equities research analysts expect that Chesapeake Utilities Corporation will post $2.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, September 14th. Chesapeake Utilities Corporation’s dividend payout ratio (DPR) is 50.78%.

Separately, BidaskClub raised shares of Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. Chesapeake Utilities Corporation has an average rating of “Hold” and a consensus price target of $72.25.

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.

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

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