Renaissance Technologies LLC grew its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 341,300 shares of the utilities provider’s stock after acquiring an additional 29,100 shares during the period. Renaissance Technologies LLC owned 2.09% of Chesapeake Utilities worth $27,287,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPK. BlackRock Inc. grew its stake in Chesapeake Utilities by 13.9% during the second quarter. BlackRock Inc. now owns 1,195,316 shares of the utilities provider’s stock valued at $95,566,000 after acquiring an additional 145,855 shares in the last quarter. Millennium Management LLC lifted its position in Chesapeake Utilities by 131.4% during the first quarter. Millennium Management LLC now owns 138,449 shares of the utilities provider’s stock valued at $9,740,000 after purchasing an additional 78,623 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in Chesapeake Utilities during the second quarter valued at $957,000. Citadel Advisors LLC lifted its position in Chesapeake Utilities by 941.3% during the first quarter. Citadel Advisors LLC now owns 37,767 shares of the utilities provider’s stock valued at $2,657,000 after purchasing an additional 34,140 shares during the last quarter. Finally, Algert Global LLC bought a new position in Chesapeake Utilities during the second quarter valued at $1,722,000. Institutional investors and hedge funds own 63.67% of the company’s stock.
CPK traded down $1.72 on Friday, reaching $79.79. 38,018 shares of the company traded hands, compared to its average volume of 58,715. Chesapeake Utilities Co. has a one year low of $66.35 and a one year high of $90.90. The firm has a market capitalization of $1.37 billion and a price-to-earnings ratio of 27.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.30 and a quick ratio of 0.27.
Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Chesapeake Utilities had a net margin of 9.68% and a return on equity of 10.75%. The company had revenue of $136.66 million for the quarter, compared to the consensus estimate of $140.85 million. On average, equities analysts anticipate that Chesapeake Utilities Co. will post 3.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Friday, September 14th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, September 13th. Chesapeake Utilities’s dividend payout ratio (DPR) is 51.21%.
Several research firms have commented on CPK. ValuEngine upgraded shares of Chesapeake Utilities from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Janney Montgomery Scott lowered shares of Chesapeake Utilities from a “buy” rating to a “neutral” rating and set a $86.00 target price for the company. in a report on Monday, September 24th. Zacks Investment Research lowered shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, Wells Fargo & Co raised their target price on shares of Chesapeake Utilities from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $87.50.
About Chesapeake Utilities
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.
See Also: Compound Annual Growth Rate (CAGR)
Receive News & Ratings for Chesapeake Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities and related companies with MarketBeat.com's FREE daily email newsletter.