Chesapeake Utilities Corporation $CPK Shares Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC raised its position in Chesapeake Utilities Corporation (NYSE:CPK) by 31.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 45,737 shares of the utilities provider’s stock after buying an additional 10,997 shares during the period. Chesapeake Utilities accounts for about 1.1% of Moody Aldrich Partners LLC’s holdings, making the stock its 24th largest holding. Moody Aldrich Partners LLC’s holdings in Chesapeake Utilities were worth $5,706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CPK. EverSource Wealth Advisors LLC raised its position in shares of Chesapeake Utilities by 94.7% in the second quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock valued at $27,000 after buying an additional 108 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Chesapeake Utilities by 292.9% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock valued at $28,000 after buying an additional 164 shares during the period. CIBC Private Wealth Group LLC boosted its position in Chesapeake Utilities by 66.1% during the third quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 109 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Chesapeake Utilities by 77.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 298 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 130 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Chesapeake Utilities in the 3rd quarter worth approximately $62,000. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

Chesapeake Utilities Price Performance

CPK opened at $127.44 on Wednesday. Chesapeake Utilities Corporation has a 1 year low of $115.24 and a 1 year high of $140.59. The company’s 50 day simple moving average is $129.59 and its 200 day simple moving average is $129.73. The stock has a market capitalization of $3.06 billion, a PE ratio of 21.31 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.45.

Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $1.94 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.22). The company had revenue of $258.90 million for the quarter, compared to analyst estimates of $208.59 million. Chesapeake Utilities had a return on equity of 9.31% and a net margin of 15.09%.The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.000 EPS. As a group, sell-side analysts expect that Chesapeake Utilities Corporation will post 6.51 EPS for the current year.

Chesapeake Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Monday, March 16th were issued a dividend of $0.685 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, March 16th. Chesapeake Utilities’s dividend payout ratio is presently 45.82%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Friday, March 27th. Wall Street Zen raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Barclays set a $142.00 target price on Chesapeake Utilities and gave the company an “equal weight” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.00.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.