Cable Hill Partners LLC Invests $205,000 in Chesapeake Utilities Co. (NYSE:CPK)

Cable Hill Partners LLC acquired a new position in shares of Chesapeake Utilities Co. (NYSE:CPK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,644 shares of the utilities provider’s stock, valued at approximately $205,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Chesapeake Utilities by 180.1% during the second quarter. GAMMA Investing LLC now owns 633 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 407 shares during the last quarter. Assetmark Inc. boosted its holdings in Chesapeake Utilities by 19.2% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 102 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Chesapeake Utilities by 17.7% during the second quarter. Fifth Third Bancorp now owns 765 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 115 shares during the last quarter. nVerses Capital LLC acquired a new stake in Chesapeake Utilities in the third quarter valued at $99,000. Finally, Spirit of America Management Corp NY lifted its stake in Chesapeake Utilities by 81.8% in the second quarter. Spirit of America Management Corp NY now owns 1,000 shares of the utilities provider’s stock valued at $106,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Trading Down 0.2 %

CPK opened at $126.26 on Friday. The company’s 50 day moving average is $121.43 and its 200-day moving average is $115.17. Chesapeake Utilities Co. has a 1-year low of $90.21 and a 1-year high of $128.81. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. The company has a market cap of $2.88 billion, a P/E ratio of 25.61 and a beta of 0.61.

Chesapeake Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.03%. Chesapeake Utilities’s payout ratio is currently 51.93%.

Analysts Set New Price Targets

CPK has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Barclays increased their price target on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th.

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.