BNP Paribas Financial Markets Has $610,000 Stock Holdings in Chesapeake Utilities Co. (NYSE:CPK)

BNP Paribas Financial Markets lowered its stake in Chesapeake Utilities Co. (NYSE:CPK) by 12.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,916 shares of the utilities provider’s stock after selling 714 shares during the period. BNP Paribas Financial Markets’ holdings in Chesapeake Utilities were worth $610,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its position in shares of Chesapeake Utilities by 19.2% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 102 shares during the period. Fifth Third Bancorp grew its position in shares of Chesapeake Utilities by 17.7% during the 2nd quarter. Fifth Third Bancorp now owns 765 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 115 shares in the last quarter. Creative Planning increased its holdings in shares of Chesapeake Utilities by 1.8% during the third quarter. Creative Planning now owns 7,706 shares of the utilities provider’s stock worth $957,000 after purchasing an additional 135 shares during the period. Trust Point Inc. increased its holdings in shares of Chesapeake Utilities by 3.2% during the third quarter. Trust Point Inc. now owns 4,919 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 153 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Chesapeake Utilities by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the utilities provider’s stock valued at $1,189,000 after buying an additional 200 shares during the period. 83.11% of the stock is owned by institutional investors.

Chesapeake Utilities Trading Down 0.3 %

CPK opened at $127.40 on Friday. The company has a fifty day moving average price of $124.66 and a two-hundred day moving average price of $117.92. Chesapeake Utilities Co. has a 1-year low of $98.25 and a 1-year high of $134.20. The company has a market cap of $2.90 billion, a P/E ratio of 25.84 and a beta of 0.64. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87.

Chesapeake Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities’s dividend payout ratio is currently 51.93%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CPK shares. Barclays lifted their price objective on Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Guggenheim boosted their price target on Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Chesapeake Utilities presently has a consensus rating of “Hold” and a consensus target price of $123.00.

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.