Chesapeake Utilities Corp. (NYSE:CPK) insider John R. Schimkaitis sold 500 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $62.62, for a total value of $31,310.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Chesapeake Utilities Corp. (NYSE:CPK) opened at 62.52 on Thursday. The firm has a market cap of $957.99 million, a P/E ratio of 22.73 and a beta of 0.24. Chesapeake Utilities Corp. has a one year low of $49.50 and a one year high of $67.88. The stock has a 50 day moving average price of $63.63 and a 200-day moving average price of $62.05.
Chesapeake Utilities Corp. (NYSE:CPK) last announced its earnings results on Thursday, August 4th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $102.30 million for the quarter, compared to analysts’ expectations of $98.90 million. Chesapeake Utilities Corp. had a return on equity of 12.19% and a net margin of 9.47%. The company’s revenue was up 10.4% compared to the same quarter last year. Analysts predict that Chesapeake Utilities Corp. will post $2.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 15th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Tuesday, September 13th. Chesapeake Utilities Corp.’s dividend payout ratio is 44.53%.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Chesapeake Utilities Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Janney Montgomery Scott upgraded Chesapeake Utilities Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $59.00 to $71.00 in a report on Monday, August 8th. Hilliard Lyons upgraded Chesapeake Utilities Corp. from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, June 24th. Finally, BB&T Corp. assumed coverage on Chesapeake Utilities Corp. in a report on Wednesday, June 22nd. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $72.00.
Institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in Chesapeake Utilities Corp. by 15.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,778 shares of the company’s stock valued at $112,000 after buying an additional 244 shares in the last quarter. Archford Capital Strategies LLC boosted its position in Chesapeake Utilities Corp. by 1,480.0% in the second quarter. Archford Capital Strategies LLC now owns 1,975 shares of the company’s stock valued at $131,000 after buying an additional 1,850 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Chesapeake Utilities Corp. by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,140 shares of the company’s stock valued at $142,000 after buying an additional 263 shares in the last quarter. Bank of Montreal Can purchased a new position in Chesapeake Utilities Corp. during the second quarter valued at about $144,000. Finally, Legal & General Group Plc boosted its position in Chesapeake Utilities Corp. by 10.5% in the first quarter. Legal & General Group Plc now owns 2,355 shares of the company’s stock valued at $146,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 56.75% of the company’s stock.
Chesapeake Utilities Corp. Company Profile
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. It provides natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service.
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