Dynamic Technology Lab Private Ltd decreased its position in Chesapeake Utilities Co. (NYSE:CPK) by 61.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,372 shares of the utilities provider’s stock after selling 6,952 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Chesapeake Utilities were worth $349,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its position in Chesapeake Utilities by 2,424.6% during the second quarter. AdvisorNet Financial Inc now owns 1,439 shares of the utilities provider’s stock worth $115,000 after buying an additional 1,382 shares during the period. Archford Capital Strategies LLC purchased a new position in shares of Chesapeake Utilities in the 1st quarter worth about $156,000. United Services Automobile Association purchased a new position in shares of Chesapeake Utilities in the 2nd quarter worth about $209,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Chesapeake Utilities in the 1st quarter worth about $196,000. Finally, Creative Planning purchased a new position in shares of Chesapeake Utilities in the 2nd quarter worth about $227,000. 63.67% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on CPK. Zacks Investment Research lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Wells Fargo & Co lifted their target price on Chesapeake Utilities from $86.00 to $88.00 and gave the stock a “hold” rating in a research report on Monday, September 24th. Janney Montgomery Scott lowered Chesapeake Utilities from a “buy” rating to a “neutral” rating and set a $86.00 target price for the company. in a research report on Monday, September 24th. Finally, ValuEngine upgraded Chesapeake Utilities from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $87.50.

Shares of CPK traded down $1.72 during midday trading on Friday, reaching $79.79. The stock had a trading volume of 38,018 shares, compared to its average volume of 58,715. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.30. The company has a market capitalization of $1.37 billion and a PE ratio of 27.61. Chesapeake Utilities Co. has a 52 week low of $66.35 and a 52 week high of $90.90.

Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The business had revenue of $136.66 million for the quarter, compared to analysts’ expectations of $140.85 million. Chesapeake Utilities had a net margin of 9.68% and a return on equity of 10.75%. On average, equities research analysts forecast that Chesapeake Utilities Co. will post 3.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Friday, September 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.48 dividend on an annualized basis and a yield of 1.85%. Chesapeake Utilities’s payout ratio is 51.21%.

About Chesapeake Utilities

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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Institutional Ownership by Quarter for Chesapeake Utilities (NYSE:CPK)

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