Vanguard Personalized Indexing Management LLC Has $287,000 Holdings in Chesapeake Utilities Co. (NYSE:CPK)

Vanguard Personalized Indexing Management LLC raised its position in Chesapeake Utilities Co. (NYSE:CPK) by 24.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,703 shares of the utilities provider’s stock after acquiring an additional 532 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Chesapeake Utilities were worth $287,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Chesapeake Utilities by 23.8% during the fourth quarter. Vanguard Group Inc. now owns 1,740,123 shares of the utilities provider’s stock valued at $183,809,000 after buying an additional 334,088 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Chesapeake Utilities by 136.1% during the fourth quarter. Schroder Investment Management Group now owns 234,996 shares of the utilities provider’s stock valued at $24,823,000 after buying an additional 135,462 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Chesapeake Utilities by 76.1% during the second quarter. Boston Trust Walden Corp now owns 274,405 shares of the utilities provider’s stock valued at $29,142,000 after buying an additional 118,561 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Chesapeake Utilities by 61.5% during the first quarter. Janus Henderson Group PLC now owns 275,204 shares of the utilities provider’s stock valued at $29,529,000 after buying an additional 104,850 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Chesapeake Utilities by 28.4% during the first quarter. Jennison Associates LLC now owns 428,834 shares of the utilities provider’s stock valued at $46,014,000 after buying an additional 94,980 shares during the last quarter. Institutional investors and hedge funds own 83.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays lifted their target price on Chesapeake Utilities from $111.00 to $118.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $111.20.

Chesapeake Utilities Stock Performance

Shares of Chesapeake Utilities stock opened at $123.30 on Friday. The business’s fifty day simple moving average is $118.38 and its 200 day simple moving average is $111.17. The firm has a market capitalization of $2.75 billion, a P/E ratio of 25.90 and a beta of 0.60. Chesapeake Utilities Co. has a 12 month low of $83.79 and a 12 month high of $125.34. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.91.

Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The business had revenue of $166.30 million for the quarter, compared to the consensus estimate of $194.70 million. Chesapeake Utilities had a return on equity of 9.51% and a net margin of 13.61%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. As a group, analysts anticipate that Chesapeake Utilities Co. will post 5.39 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be paid a $0.64 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.56 annualized dividend and a dividend yield of 2.08%. Chesapeake Utilities’s payout ratio is presently 53.78%.

Insider Buying and Selling at Chesapeake Utilities

In other Chesapeake Utilities news, Director Paul L. Maddock, Jr. sold 9,634 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $113.56, for a total value of $1,094,037.04. Following the sale, the director now directly owns 8,363 shares in the company, valued at $949,702.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.68% of the company’s stock.

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.