Sei Investments Co. raised its position in Chesapeake Utilities Co. (NYSE:CPK) by 24.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,420 shares of the utilities provider’s stock after acquiring an additional 875 shares during the quarter. Sei Investments Co.’s holdings in Chesapeake Utilities were worth $345,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CPK. Credit Suisse AG increased its position in shares of Chesapeake Utilities by 1.8% during the first quarter. Credit Suisse AG now owns 19,833 shares of the utilities provider’s stock valued at $1,373,000 after buying an additional 355 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Chesapeake Utilities during the first quarter valued at about $320,000. Aperio Group LLC increased its position in shares of Chesapeake Utilities by 32.4% during the second quarter. Aperio Group LLC now owns 11,135 shares of the utilities provider’s stock valued at $835,000 after buying an additional 2,727 shares during the period. Russell Investments Group Ltd. increased its position in shares of Chesapeake Utilities by 16.5% during the second quarter. Russell Investments Group Ltd. now owns 65,972 shares of the utilities provider’s stock valued at $4,943,000 after buying an additional 9,327 shares during the period. Finally, TD Asset Management Inc. increased its position in shares of Chesapeake Utilities by 31.1% during the second quarter. TD Asset Management Inc. now owns 12,060 shares of the utilities provider’s stock valued at $904,000 after buying an additional 2,860 shares during the period. Hedge funds and other institutional investors own 62.16% of the company’s stock.

Shares of Chesapeake Utilities Co. (CPK) opened at $80.20 on Wednesday. Chesapeake Utilities Co. has a 52 week low of $63.00 and a 52 week high of $86.35. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.44. The company has a market cap of $1,351.69, a PE ratio of 30.74, a P/E/G ratio of 4.84 and a beta of 0.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, December 14th. Chesapeake Utilities’s payout ratio is currently 48.33%.

Several equities analysts recently issued reports on CPK shares. Zacks Investment Research upgraded shares of Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Tuesday, November 14th. Sidoti assumed coverage on shares of Chesapeake Utilities in a research note on Wednesday, October 18th. They set a “neutral” rating and a $85.00 price objective on the stock. Finally, BidaskClub raised shares of Chesapeake Utilities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th.

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Chesapeake Utilities 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 (NYSE:CPK)

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