U.S. Capital Wealth Advisors LLC Sells 250 Shares of Chesapeake Utilities Co. (NYSE:CPK)

U.S. Capital Wealth Advisors LLC decreased its position in Chesapeake Utilities Co. (NYSE:CPK) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,000 shares of the utilities provider’s stock after selling 250 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Chesapeake Utilities were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. lifted its position in Chesapeake Utilities by 308.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 286 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 216 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Chesapeake Utilities in the fourth quarter worth about $30,000. Spirit of America Management Corp NY boosted its stake in Chesapeake Utilities by 60.0% during the 4th quarter. Spirit of America Management Corp NY now owns 400 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 150 shares during the period. Signaturefd LLC increased its position in Chesapeake Utilities by 126.1% in the 4th quarter. Signaturefd LLC now owns 398 shares of the utilities provider’s stock worth $42,000 after buying an additional 222 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Chesapeake Utilities during the third quarter worth approximately $52,000. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPK. StockNews.com lowered shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Thursday, February 29th. Wells Fargo & Company lifted their target price on Chesapeake Utilities from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada upped their price target on Chesapeake Utilities from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.00.

Chesapeake Utilities Stock Up 1.2 %

NYSE CPK opened at $110.90 on Wednesday. Chesapeake Utilities Co. has a 1-year low of $83.79 and a 1-year high of $132.91. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. The stock’s 50 day moving average is $104.55 and its two-hundred day moving average is $101.15. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 23.45 and a beta of 0.60.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.11. Chesapeake Utilities had a return on equity of 10.19% and a net margin of 13.01%. The firm had revenue of $185.30 million for the quarter, compared to analysts’ expectations of $234.60 million. During the same period in the prior year, the business posted $1.47 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. Equities analysts forecast that Chesapeake Utilities Co. will post 5.41 earnings per share for the current fiscal year.

Chesapeake Utilities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.59 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.36 dividend on an annualized basis and a yield of 2.13%. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 49.89%.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.