Chesapeake Utilities Co. (NYSE:CPK) insider John R. Schimkaitis sold 2,125 shares of Chesapeake Utilities stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $68.70, for a total transaction of $145,987.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

John R. Schimkaitis also recently made the following trade(s):

  • On Tuesday, December 27th, John R. Schimkaitis sold 500 shares of Chesapeake Utilities stock. The shares were sold at an average price of $67.59, for a total transaction of $33,795.00.

Chesapeake Utilities Co. (NYSE:CPK) traded down 1.37% during mid-day trading on Monday, reaching $68.60. 28,761 shares of the company’s stock traded hands. The company has a 50 day moving average price of $66.85 and a 200-day moving average price of $64.48. Chesapeake Utilities Co. has a 12 month low of $56.56 and a 12 month high of $70.70. The stock has a market cap of $1.12 billion, a P/E ratio of 23.99 and a beta of 0.20.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. The company earned $141.90 million during the quarter, compared to the consensus estimate of $116.70 million. Chesapeake Utilities had a net margin of 8.98% and a return on equity of 11.34%. The company’s quarterly revenue was up 35.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. On average, analysts anticipate that Chesapeake Utilities Co. will post $3.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, March 13th. Chesapeake Utilities’s dividend payout ratio (DPR) is 45.19%.

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A number of brokerages have recently commented on CPK. Zacks Investment Research lowered shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Friday, March 3rd. Ladenburg Thalmann Financial Services began coverage on shares of Chesapeake Utilities in a research report on Friday, December 9th. They issued a “neutral” rating and a $67.00 price objective on the stock. Wells Fargo & Co began coverage on shares of Chesapeake Utilities in a research report on Tuesday, November 29th. They issued a “market perform” rating on the stock. Finally, Seaport Global Securities began coverage on shares of Chesapeake Utilities in a research report on Friday, December 2nd. They issued a “neutral” rating and a $65.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Chesapeake Utilities presently has a consensus rating of “Hold” and a consensus price target of $68.60.

Several hedge funds have recently made changes to their positions in CPK. Summit Global Investments bought a new stake in shares of Chesapeake Utilities during the fourth quarter valued at approximately $395,000. Energy Income Partners LLC bought a new stake in shares of Chesapeake Utilities during the fourth quarter valued at approximately $34,466,000. William Blair Investment Management LLC increased its stake in shares of Chesapeake Utilities by 11.6% in the fourth quarter. William Blair Investment Management LLC now owns 237,738 shares of the company’s stock valued at $15,917,000 after buying an additional 24,721 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Chesapeake Utilities by 16.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,766 shares of the company’s stock valued at $186,000 after buying an additional 391 shares during the period. Finally, Martingale Asset Management L P increased its stake in shares of Chesapeake Utilities by 6.2% in the fourth quarter. Martingale Asset Management L P now owns 63,557 shares of the company’s stock valued at $4,256,000 after buying an additional 3,700 shares during the period. 56.97% of the stock is owned by institutional investors.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. It provides natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service.

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