Chesapeake Utilities Co. (NYSE:CPK) Position Boosted by Albert D Mason Inc.

Albert D Mason Inc. boosted its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,576 shares of the utilities provider’s stock after acquiring an additional 145 shares during the quarter. Albert D Mason Inc. owned 0.06% of Chesapeake Utilities worth $1,526,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in Chesapeake Utilities by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 30,431 shares of the utilities provider’s stock valued at $3,232,000 after buying an additional 3,409 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Chesapeake Utilities by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 101,106 shares of the utilities provider’s stock valued at $10,737,000 after acquiring an additional 1,065 shares during the period. Dimensional Fund Advisors LP raised its holdings in Chesapeake Utilities by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock worth $51,979,000 after purchasing an additional 19,100 shares in the last quarter. Renaissance Technologies LLC lifted its position in Chesapeake Utilities by 40.4% in the second quarter. Renaissance Technologies LLC now owns 26,050 shares of the utilities provider’s stock worth $2,767,000 after purchasing an additional 7,500 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in Chesapeake Utilities by 3.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 51,840 shares of the utilities provider’s stock valued at $5,505,000 after purchasing an additional 1,529 shares in the last quarter. Institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Stock Performance

Shares of NYSE CPK opened at $124.02 on Friday. Chesapeake Utilities Co. has a 52-week low of $98.25 and a 52-week high of $134.20. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 25.16 and a beta of 0.65. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.87. The stock’s fifty day simple moving average is $124.93 and its 200 day simple moving average is $120.39.

Chesapeake Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 16th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, December 16th. This represents a $2.56 annualized dividend and a yield of 2.06%. Chesapeake Utilities’s payout ratio is presently 51.93%.

Analyst Ratings Changes

CPK has been the topic of a number of research reports. Barclays boosted their price objective on Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. StockNews.com raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Guggenheim lifted their price objective on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.00.

About Chesapeake Utilities

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.