Toronto Dominion Bank Purchases 186 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

Toronto Dominion Bank boosted its position in Chesapeake Energy Co. (NASDAQ:CHK) by 1.9% during the second quarter, HoldingsChannel.com reports. The fund owned 10,205 shares of the company’s stock after buying an additional 186 shares during the quarter. Toronto Dominion Bank’s holdings in Chesapeake Energy were worth $839,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Chesapeake Energy by 705.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,229 shares of the company’s stock valued at $2,402,000 after purchasing an additional 25,600 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Chesapeake Energy in the first quarter valued at about $1,006,000. Russell Investments Group Ltd. grew its position in Chesapeake Energy by 66.4% in the first quarter. Russell Investments Group Ltd. now owns 119,470 shares of the company’s stock valued at $10,612,000 after acquiring an additional 47,658 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Chesapeake Energy during the first quarter worth about $37,000. Finally, Wedge Capital Management L L P NC raised its stake in Chesapeake Energy by 16.2% during the second quarter. Wedge Capital Management L L P NC now owns 284,263 shares of the company’s stock worth $23,364,000 after acquiring an additional 39,734 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Energy Stock Performance

Shares of CHK stock opened at $82.25 on Tuesday. The stock has a market capitalization of $10.78 billion, a PE ratio of 11.08 and a beta of 0.46. The business’s 50 day simple moving average is $74.44 and its 200 day simple moving average is $82.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16. Chesapeake Energy Co. has a one year low of $69.12 and a one year high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. The firm had revenue of $505.00 million during the quarter, compared to analyst estimates of $822.54 million. During the same quarter last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was down 73.3% on a year-over-year basis. As a group, research analysts forecast that Chesapeake Energy Co. will post 1.43 earnings per share for the current year.

Chesapeake Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.80%. Chesapeake Energy’s dividend payout ratio (DPR) is currently 31.00%.

Analysts Set New Price Targets

CHK has been the topic of several research reports. Scotiabank decreased their price target on shares of Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Stephens upped their price target on shares of Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Mizuho cut their price objective on Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. KeyCorp assumed coverage on Chesapeake Energy in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, StockNews.com raised Chesapeake Energy to a “sell” rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $100.33.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.