Chesapeake Utilities Co. (NYSE:CPK) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its position in Chesapeake Utilities Co. (NYSE:CPK) by 10.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,145 shares of the utilities provider’s stock after purchasing an additional 3,001 shares during the period. Stifel Financial Corp owned 0.15% of Chesapeake Utilities worth $4,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Chesapeake Utilities by 170.5% in the second quarter. Victory Capital Management Inc. now owns 124,716 shares of the utilities provider’s stock valued at $13,245,000 after buying an additional 78,613 shares during the last quarter. Copeland Capital Management LLC increased its holdings in shares of Chesapeake Utilities by 9.5% in the 3rd quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider’s stock valued at $73,567,000 after acquiring an additional 51,164 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Chesapeake Utilities during the 2nd quarter worth about $3,834,000. Boston Trust Walden Corp lifted its stake in Chesapeake Utilities by 9.5% during the third quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider’s stock worth $37,320,000 after purchasing an additional 26,147 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Chesapeake Utilities by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock valued at $51,979,000 after purchasing an additional 19,100 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPK has been the subject of several recent analyst reports. Guggenheim boosted their price objective on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. StockNews.com raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Barclays lifted their target price on Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $123.00.

Chesapeake Utilities Stock Down 0.1 %

CPK stock opened at $127.37 on Monday. Chesapeake Utilities Co. has a 12 month low of $98.25 and a 12 month high of $134.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 25.84 and a beta of 0.64. The company has a fifty day moving average price of $124.75 and a 200 day moving average price of $118.20.

Chesapeake Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.56 annualized dividend and a dividend yield of 2.01%. Chesapeake Utilities’s dividend payout ratio (DPR) is 51.93%.

Chesapeake Utilities Company 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.