Schwab Charles Investment Management Inc. raised its stake in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 71,554 shares of the utilities provider’s stock after purchasing an additional 3,374 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.44% of Chesapeake Utilities Corporation worth $5,363,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in shares of Chesapeake Utilities Corporation during the 1st quarter worth about $12,150,000. Ameriprise Financial Inc. increased its holdings in shares of Chesapeake Utilities Corporation by 26.2% during the 1st quarter. Ameriprise Financial Inc. now owns 119,784 shares of the utilities provider’s stock worth $8,289,000 after purchasing an additional 24,873 shares during the period. Credit Suisse AG increased its holdings in shares of Chesapeake Utilities Corporation by 1.8% during the 1st quarter. Credit Suisse AG now owns 19,833 shares of the utilities provider’s stock worth $1,373,000 after purchasing an additional 355 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Chesapeake Utilities Corporation by 5.2% during the 1st quarter. Renaissance Technologies LLC now owns 232,450 shares of the utilities provider’s stock worth $16,086,000 after purchasing an additional 11,450 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Chesapeake Utilities Corporation by 255.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,744 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 1,973 shares during the period. Institutional investors own 61.33% of the company’s stock.

Separately, BidaskClub upgraded shares of Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Utilities Corporation has an average rating of “Hold” and a consensus price target of $69.00.

Shares of Chesapeake Utilities Corporation (NYSE CPK) opened at 81.55 on Friday. The company has a market cap of $1.33 billion, a PE ratio of 31.71 and a beta of 0.27. The company has a 50-day moving average of $79.35 and a 200-day moving average of $75.73. Chesapeake Utilities Corporation has a 1-year low of $58.00 and a 1-year high of $81.95.

Chesapeake Utilities Corporation (NYSE:CPK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.18). Chesapeake Utilities Corporation had a return on equity of 9.18% and a net margin of 7.40%. The business had revenue of $125.08 million during the quarter, compared to analyst estimates of $116.50 million. During the same quarter last year, the firm earned $0.52 EPS. Chesapeake Utilities Corporation’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities analysts forecast that Chesapeake Utilities Corporation will post $2.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, September 14th. Chesapeake Utilities Corporation’s dividend payout ratio (DPR) is 50.78%.

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Chesapeake Utilities Corporation Company Profile

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.

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

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