Mutual of America Capital Management LLC decreased its position in shares of Chesapeake Utilities Co. (NYSE:CPK) by 34.7% in the 4th quarter, Holdings Channel reports. The firm owned 47,872 shares of the utilities provider’s stock after selling 25,476 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Chesapeake Utilities were worth $3,760,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Strs Ohio bought a new position in Chesapeake Utilities during the 4th quarter worth approximately $361,000. First Manhattan Co. raised its holdings in Chesapeake Utilities by 22.8% during the 4th quarter. First Manhattan Co. now owns 89,047 shares of the utilities provider’s stock worth $6,994,000 after purchasing an additional 16,540 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Chesapeake Utilities by 6.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 76,577 shares of the utilities provider’s stock worth $6,016,000 after purchasing an additional 4,570 shares during the last quarter. California Public Employees Retirement System raised its holdings in Chesapeake Utilities by 11.5% during the 3rd quarter. California Public Employees Retirement System now owns 42,661 shares of the utilities provider’s stock worth $3,338,000 after purchasing an additional 4,411 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. bought a new position in Chesapeake Utilities during the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 61.91% of the company’s stock.

In other news, insider John R. Schimkaitis sold 2,500 shares of Chesapeake Utilities stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $76.65, for a total value of $191,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Hill, Jr. purchased 1,000 shares of Chesapeake Utilities stock in a transaction that occurred on Thursday, December 21st. The stock was acquired at an average cost of $75.62 per share, with a total value of $75,620.00. The disclosure for this purchase can be found here. Insiders own 4.16% of the company’s stock.

Shares of Chesapeake Utilities Co. (NYSE CPK) opened at $69.10 on Thursday. The firm has a market cap of $1,131.04, a price-to-earnings ratio of 25.73, a PEG ratio of 3.40 and a beta of 0.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.44 and a quick ratio of 0.39. Chesapeake Utilities Co. has a one year low of $64.30 and a one year high of $86.35.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Thursday, November 9th. The utilities provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. The company had revenue of $126.94 million during the quarter, compared to analyst estimates of $123.65 million. Chesapeake Utilities had a net margin of 7.58% and a return on equity of 9.58%. analysts expect that Chesapeake Utilities Co. will post 2.85 earnings per share for the current fiscal year.

Several research analysts have issued reports on the stock. Sidoti began coverage on shares of Chesapeake Utilities in a report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 price target for the company. Zacks Investment Research upgraded shares of Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Tuesday, November 14th.

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Chesapeake Utilities Company 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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