Chesapeake Utilities Co. (NYSE:CPK) insider John R. Schimkaitis sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $76.65, for a total transaction of $191,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Chesapeake Utilities Co. (CPK) traded up $0.30 during trading on Friday, hitting $73.75. 112,900 shares of the stock were exchanged, compared to its average volume of 69,412. Chesapeake Utilities Co. has a 1 year low of $63.00 and a 1 year high of $86.35. The company has a market cap of $1,200.00, a P/E ratio of 27.52, a P/E/G ratio of 3.71 and a beta of 0.27. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 0.43.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, December 14th. Chesapeake Utilities’s dividend payout ratio is currently 48.51%.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Sidoti assumed coverage on shares of Chesapeake Utilities in a research report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 target price for the company.
Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. grew its position in shares of Chesapeake Utilities by 11.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 148 shares during the period. Pitcairn Co. bought a new position in Chesapeake Utilities in the 3rd quarter worth approximately $201,000. Chevy Chase Trust Holdings Inc. bought a new position in Chesapeake Utilities in the 3rd quarter worth approximately $207,000. Victory Capital Management Inc. boosted its holdings in Chesapeake Utilities by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,663 shares of the utilities provider’s stock worth $200,000 after buying an additional 398 shares during the period. Finally, Symons Capital Management Inc. bought a new position in Chesapeake Utilities in the 3rd quarter worth approximately $223,000. 62.16% of the stock is owned by hedge funds and other institutional investors.
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Chesapeake Utilities 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.
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