Chesapeake Utilities Co. (NYSE:CPK) insider John R. Schimkaitis sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $91.00, for a total value of $227,500.00.
NYSE CPK traded down $1.49 during mid-day trading on Thursday, reaching $85.10. 45,170 shares of the stock were exchanged, compared to its average volume of 82,587. The stock has a market capitalization of $1.45 billion, a PE ratio of 21.42 and a beta of 0.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.28. Chesapeake Utilities Co. has a 1-year low of $69.47 and a 1-year high of $101.29. The business’s fifty day simple moving average is $87.07 and its 200 day simple moving average is $90.98.
Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.03. The company had revenue of $152.71 million for the quarter, compared to analyst estimates of $181.90 million. Chesapeake Utilities had a return on equity of 10.77% and a net margin of 12.87%. On average, analysts anticipate that Chesapeake Utilities Co. will post 4.01 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in Chesapeake Utilities by 49.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,585 shares of the utilities provider’s stock valued at $537,000 after buying an additional 1,844 shares during the last quarter. Swiss National Bank lifted its stake in Chesapeake Utilities by 1.6% in the 4th quarter. Swiss National Bank now owns 31,350 shares of the utilities provider’s stock worth $3,004,000 after purchasing an additional 500 shares in the last quarter. State Street Corp grew its holdings in Chesapeake Utilities by 4.8% during the 4th quarter. State Street Corp now owns 362,802 shares of the utilities provider’s stock valued at $34,912,000 after buying an additional 16,768 shares in the last quarter. Sei Investments Co. boosted its position in shares of Chesapeake Utilities by 12.8% during the 4th quarter. Sei Investments Co. now owns 6,718 shares of the utilities provider’s stock valued at $640,000 after acquiring an additional 761 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Chesapeake Utilities by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 130,994 shares of the utilities provider’s stock valued at $12,554,000 after purchasing an additional 4,936 shares in the last quarter. Institutional investors own 68.23% of the company’s stock.
A number of brokerages recently commented on CPK. Sidoti reduced their price objective on shares of Chesapeake Utilities from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Zacks Investment Research lowered shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. TheStreet raised shares of Chesapeake Utilities from a “c+” rating to a “b-” rating in a research note on Friday, May 15th. Wells Fargo & Co cut their target price on shares of Chesapeake Utilities from $93.00 to $87.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $93.00 price target on shares of Chesapeake Utilities in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $100.71.
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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