California State Teachers Retirement System cut its position in Chesapeake Utilities Co. (NYSE:CPK – Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,673 shares of the utilities provider’s stock after selling 1,127 shares during the quarter. California State Teachers Retirement System owned about 0.10% of Chesapeake Utilities worth $2,326,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Chesapeake Utilities by 6.8% in the first quarter. Vanguard Group Inc. now owns 1,859,001 shares of the utilities provider’s stock valued at $199,471,000 after acquiring an additional 118,878 shares during the last quarter. First Trust Advisors LP lifted its stake in Chesapeake Utilities by 0.7% in the 4th quarter. First Trust Advisors LP now owns 628,529 shares of the utilities provider’s stock valued at $66,392,000 after purchasing an additional 4,208 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Chesapeake Utilities by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 455,969 shares of the utilities provider’s stock worth $48,164,000 after purchasing an additional 9,040 shares during the period. Jennison Associates LLC increased its position in Chesapeake Utilities by 28.4% during the first quarter. Jennison Associates LLC now owns 428,834 shares of the utilities provider’s stock worth $46,014,000 after buying an additional 94,980 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Chesapeake Utilities by 61.5% during the first quarter. Janus Henderson Group PLC now owns 275,204 shares of the utilities provider’s stock worth $29,529,000 after buying an additional 104,850 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.
Chesapeake Utilities Price Performance
Shares of NYSE CPK opened at $115.14 on Friday. The business’s 50 day moving average is $111.02 and its 200-day moving average is $107.15. The firm has a market cap of $2.56 billion, a P/E ratio of 24.19 and a beta of 0.60. Chesapeake Utilities Co. has a 1-year low of $83.79 and a 1-year high of $120.84. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93.
Chesapeake Utilities (NYSE:CPK – Get Free Report) last posted its earnings results on Wednesday, May 8th. The utilities provider reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Chesapeake Utilities had a return on equity of 10.17% and a net margin of 13.90%. The firm had revenue of $245.70 million for the quarter, compared to analyst estimates of $260.16 million. During the same period in the prior year, the business posted $2.04 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts predict that Chesapeake Utilities Co. will post 5.41 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on CPK shares. Barclays started coverage on Chesapeake Utilities in a research note on Thursday, May 30th. They set an “equal weight” rating and a $111.00 target price for the company. Wells Fargo & Company lifted their price objective on shares of Chesapeake Utilities from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $109.80.
Check Out Our Latest Analysis on CPK
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.
See Also
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