Chesapeake Utilities Co. (NYSE:CPK) Shares Acquired by Spirit of America Management Corp NY

Spirit of America Management Corp NY increased its stake in shares of Chesapeake Utilities Co. (NYSE:CPK) by 66.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the utilities provider’s stock after purchasing an additional 1,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in Chesapeake Utilities were worth $303,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CPK. Versant Capital Management Inc increased its holdings in Chesapeake Utilities by 2,018.2% in the fourth quarter. Versant Capital Management Inc now owns 233 shares of the utilities provider’s stock valued at $28,000 after buying an additional 222 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Chesapeake Utilities by 19.2% in the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 102 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Chesapeake Utilities during the 3rd quarter worth about $99,000. KBC Group NV lifted its stake in Chesapeake Utilities by 46.2% during the fourth quarter. KBC Group NV now owns 1,048 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 331 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Chesapeake Utilities by 64.0% in the third quarter. GAMMA Investing LLC now owns 1,038 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Price Performance

Shares of CPK opened at $125.26 on Thursday. The firm has a market capitalization of $2.85 billion, a PE ratio of 25.41 and a beta of 0.65. The stock’s 50 day moving average is $123.28 and its two-hundred day moving average is $121.54. Chesapeake Utilities Co. has a twelve month low of $98.25 and a twelve month high of $134.20. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $160.14 million during the quarter, compared to the consensus estimate of $164.80 million. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. During the same quarter last year, the firm posted $0.69 EPS. Research analysts anticipate that Chesapeake Utilities Co. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CPK shares. Guggenheim increased their target price on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Chesapeake Utilities presently has a consensus rating of “Hold” and a consensus target price of $123.00.

Chesapeake Utilities Profile

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.