Chesapeake Utilities Co. (NYSE:CPK) SVP Stephen C. Thompson sold 132 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $94.80, for a total transaction of $12,513.60. Following the completion of the sale, the senior vice president now directly owns 76,152 shares of the company’s stock, valued at $7,219,209.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE CPK opened at $91.07 on Friday. The stock has a fifty day moving average price of $93.51. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.51 billion, a PE ratio of 25.62, a PEG ratio of 3.55 and a beta of 0.27. Chesapeake Utilities Co. has a 1 year low of $77.20 and a 1 year high of $96.27.

Chesapeake Utilities (NYSE:CPK) last issued its earnings results on Wednesday, May 8th. The utilities provider reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.08. Chesapeake Utilities had a net margin of 8.27% and a return on equity of 11.41%. The firm had revenue of $227.62 million during the quarter, compared to analyst estimates of $271.10 million. On average, sell-side analysts expect that Chesapeake Utilities Co. will post 3.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.405 per share. This is a positive change from Chesapeake Utilities’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.78%. Chesapeake Utilities’s dividend payout ratio is currently 48.94%.

Several large investors have recently modified their holdings of CPK. Millennium Management LLC boosted its position in shares of Chesapeake Utilities by 517.8% during the fourth quarter. Millennium Management LLC now owns 66,381 shares of the utilities provider’s stock worth $5,397,000 after acquiring an additional 55,637 shares during the last quarter. Strategic Wealth Management Group LLC boosted its position in shares of Chesapeake Utilities by 813.5% during the first quarter. Strategic Wealth Management Group LLC now owns 37,489 shares of the utilities provider’s stock worth $3,419,000 after acquiring an additional 33,385 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Chesapeake Utilities during the fourth quarter worth $2,179,000. Hsbc Holdings PLC bought a new position in shares of Chesapeake Utilities during the fourth quarter worth $2,025,000. Finally, Copeland Capital Management LLC bought a new position in shares of Chesapeake Utilities during the first quarter worth $1,562,000. Hedge funds and other institutional investors own 65.12% of the company’s stock.

CPK has been the subject of a number of analyst reports. Wells Fargo & Co reissued a “buy” rating on shares of Allergan in a research note on Monday, June 10th. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Maxim Group set a $7.00 price objective on shares of Eagle Bulk Shipping and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $97.31.

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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