Adell Harriman & Carpenter Inc. Lowers Stock Position in Chesapeake Energy Co. (NASDAQ:CHK)

Adell Harriman & Carpenter Inc. decreased its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,750 shares of the company’s stock after selling 1,800 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Chesapeake Energy were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CHK. Gladius Capital Management LP purchased a new position in shares of Chesapeake Energy in the 3rd quarter worth approximately $36,000. Adirondack Trust Co. acquired a new stake in Chesapeake Energy in the third quarter valued at approximately $43,000. GAMMA Investing LLC acquired a new position in shares of Chesapeake Energy during the fourth quarter worth $40,000. Allworth Financial LP lifted its holdings in shares of Chesapeake Energy by 160.7% during the 4th quarter. Allworth Financial LP now owns 730 shares of the company’s stock valued at $56,000 after purchasing an additional 450 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Chesapeake Energy during the 4th quarter valued at $86,000. Institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Price Performance

NASDAQ CHK traded down $1.12 on Tuesday, hitting $91.84. The company had a trading volume of 430,147 shares, compared to its average volume of 2,012,875. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market capitalization of $12.01 billion, a PE ratio of 5.52 and a beta of 0.52. Chesapeake Energy Co. has a 12-month low of $72.84 and a 12-month high of $93.58. The company’s fifty day moving average price is $86.18 and its 200-day moving average price is $82.10.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.89. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $962.95 million. During the same period in the previous year, the company posted $4.22 earnings per share. As a group, analysts predict that Chesapeake Energy Co. will post 1.76 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s payout ratio is 13.66%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CHK shares. Mizuho restated a “buy” rating and set a $100.00 target price on shares of Chesapeake Energy in a research note on Thursday, April 11th. Truist Financial decreased their price objective on shares of Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, April 5th. UBS Group boosted their target price on shares of Chesapeake Energy from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Citigroup raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $82.00 to $95.00 in a research report on Friday, January 12th. Finally, Barclays began coverage on Chesapeake Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.73.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.