Stephen C. Thompson Sells 143 Shares of Chesapeake Utilities Co. (NYSE:CPK) Stock

Chesapeake Utilities Co. (NYSE:CPK) insider Stephen C. Thompson sold 143 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $95.55, for a total value of $13,663.65. Following the completion of the transaction, the insider now owns 76,020 shares of the company’s stock, valued at $7,263,711. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Chesapeake Utilities stock opened at $94.62 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.24 and a quick ratio of 0.22. The stock has a fifty day moving average price of $93.00 and a two-hundred day moving average price of $92.29. Chesapeake Utilities Co. has a 52-week low of $77.20 and a 52-week high of $96.27. The firm has a market capitalization of $1.56 billion, a P/E ratio of 28.59, a P/E/G ratio of 3.64 and a beta of 0.24.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.04). Chesapeake Utilities had a return on equity of 11.30% and a net margin of 8.62%. The company had revenue of $130.90 million for the quarter, compared to analyst estimates of $169.40 million. On average, equities research analysts predict that Chesapeake Utilities Co. will post 3.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.405 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.62 annualized dividend and a yield of 1.71%. Chesapeake Utilities’s dividend payout ratio is currently 48.94%.

CPK has been the subject of a number of recent research reports. Zacks Investment Research upgraded Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Tuesday, August 13th. Wells Fargo & Co reiterated a “hold” rating on shares of Chesapeake Utilities in a research note on Monday, June 10th. Maxim Group reiterated a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Chesapeake Utilities in a research note on Friday, August 9th. Finally, ValuEngine upgraded Chesapeake Utilities from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Chesapeake Utilities currently has an average rating of “Buy” and a consensus price target of $98.81.

A number of institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its stake in Chesapeake Utilities by 0.5% during the first quarter. California Public Employees Retirement System now owns 27,076 shares of the utilities provider’s stock worth $2,470,000 after acquiring an additional 129 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Chesapeake Utilities by 3.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,206 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 141 shares during the last quarter. Cox Capital Mgt LLC grew its holdings in shares of Chesapeake Utilities by 1.7% during the second quarter. Cox Capital Mgt LLC now owns 11,136 shares of the utilities provider’s stock worth $1,058,000 after purchasing an additional 182 shares during the last quarter. Fruth Investment Management grew its holdings in shares of Chesapeake Utilities by 0.8% during the second quarter. Fruth Investment Management now owns 23,714 shares of the utilities provider’s stock worth $2,253,000 after purchasing an additional 188 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Chesapeake Utilities by 80.0% during the first quarter. Tradewinds Capital Management LLC now owns 450 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 65.52% of the company’s stock.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.

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