Chesapeake Utilities Co. (NYSE:CPK) insider Stephen C. Thompson sold 1,772 shares of the stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $77.21, for a total value of $136,816.12. Following the sale, the insider now directly owns 73,605 shares of the company’s stock, valued at $5,683,042.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE:CPK opened at $78.25 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.37 and a quick ratio of 0.34. Chesapeake Utilities Co. has a 1 year low of $66.35 and a 1 year high of $86.35. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.74 and a beta of 0.21.
Chesapeake Utilities (NYSE:CPK) last released its earnings results on Wednesday, May 9th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.04. Chesapeake Utilities had a return on equity of 10.64% and a net margin of 9.80%. equities research analysts predict that Chesapeake Utilities Co. will post 3.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Friday, June 15th will be given a $0.37 dividend. This is an increase from Chesapeake Utilities’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 51.21%.
CPK has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Chesapeake Utilities from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Sidoti raised Chesapeake Utilities from a “neutral” rating to a “buy” rating in a research report on Monday, March 19th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Chesapeake Utilities in a research report on Monday, March 5th.
A number of large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in Chesapeake Utilities in the first quarter worth $797,000. WINTON GROUP Ltd purchased a new stake in Chesapeake Utilities in the first quarter worth $400,000. Millennium Management LLC increased its position in Chesapeake Utilities by 131.4% in the first quarter. Millennium Management LLC now owns 138,449 shares of the utilities provider’s stock worth $9,740,000 after buying an additional 78,623 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Chesapeake Utilities in the first quarter worth $399,000. Finally, LPL Financial LLC purchased a new stake in Chesapeake Utilities in the first quarter worth $217,000. 63.88% of the stock is owned by institutional investors and hedge funds.
Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.
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