New Amsterdam Partners LLC NY bought a new position in Chesapeake Utilities Co. (NYSE:CPK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 62,823 shares of the utilities provider’s stock, valued at approximately $4,935,000. New Amsterdam Partners LLC NY owned approximately 0.38% of Chesapeake Utilities at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Telemus Capital LLC acquired a new stake in Chesapeake Utilities in the 4th quarter valued at approximately $237,000. Strs Ohio acquired a new position in shares of Chesapeake Utilities in the fourth quarter worth $361,000. First Manhattan Co. grew its stake in shares of Chesapeake Utilities by 22.8% in the fourth quarter. First Manhattan Co. now owns 89,047 shares of the utilities provider’s stock worth $6,994,000 after acquiring an additional 16,540 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Chesapeake Utilities by 6.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,577 shares of the utilities provider’s stock worth $6,016,000 after acquiring an additional 4,570 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Chesapeake Utilities by 11.5% during the 3rd quarter. California Public Employees Retirement System now owns 42,661 shares of the utilities provider’s stock worth $3,338,000 after purchasing an additional 4,411 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. Sidoti began coverage on shares of Chesapeake Utilities in a research report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 price objective for the company. Zacks Investment Research raised shares of Chesapeake Utilities from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd.
Shares of Chesapeake Utilities Co. (NYSE:CPK) opened at $70.50 on Monday. Chesapeake Utilities Co. has a fifty-two week low of $64.60 and a fifty-two week high of $86.35. The stock has a market cap of $1,152.28, a PE ratio of 26.21, a price-to-earnings-growth ratio of 3.47 and a beta of 0.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.44 and a quick ratio of 0.39.
Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Thursday, November 9th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.07. The company had revenue of $126.94 million for the quarter, compared to the consensus estimate of $123.65 million. Chesapeake Utilities had a net margin of 7.58% and a return on equity of 9.58%. equities research analysts expect that Chesapeake Utilities Co. will post 2.85 EPS for the current fiscal year.
In other Chesapeake Utilities news, insider John R. Schimkaitis sold 2,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $76.65, for a total transaction of $191,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas P. Hill, Jr. acquired 1,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were bought at an average cost of $75.62 per share, with a total value of $75,620.00. The disclosure for this purchase can be found here. Corporate insiders own 4.16% of the company’s stock.
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About Chesapeake Utilities
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.
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