Inspire Investing LLC Decreases Position in Chesapeake Utilities Corporation $CPK

Inspire Investing LLC trimmed its position in shares of Chesapeake Utilities Corporation (NYSE:CPK – Free Report) by 12.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,232 shares of the utilities provider’s stock after selling 458 shares during the quarter. Inspire Investing LLC’s holdings in Chesapeake Utilities were worth $415,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of CPK. Wellington Management Group LLP purchased a new stake in Chesapeake Utilities during the first quarter worth $26,299,000. GAMMA Investing LLC raised its holdings in shares of Chesapeake Utilities by 13,619.7% in the first quarter. GAMMA Investing LLC now owns 148,722 shares of the utilities provider’s stock worth $19,100,000 after acquiring an additional 147,638 shares during the last quarter. Nuveen LLC acquired a new position in shares of Chesapeake Utilities in the first quarter worth $12,967,000. Strs Ohio acquired a new position in shares of Chesapeake Utilities in the first quarter worth $10,467,000. Finally, Zimmer Partners LP raised its holdings in shares of Chesapeake Utilities by 57.1% in the first quarter. Zimmer Partners LP now owns 177,048 shares of the utilities provider’s stock worth $22,738,000 after acquiring an additional 64,353 shares during the last quarter. 83.11% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
CPK has been the subject of several analyst reports. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Barclays lowered their price target on Chesapeake Utilities from $124.00 to $120.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.50.
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Chesapeake Utilities Trading Down 0.1%
Shares of CPK opened at $125.17 on Friday. The company has a market capitalization of $2.95 billion, a P/E ratio of 22.31 and a beta of 0.70. Chesapeake Utilities Corporation has a one year low of $115.12 and a one year high of $136.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.36 and a current ratio of 0.42. The stock has a 50-day moving average price of $123.05 and a 200 day moving average price of $124.91.
Chesapeake Utilities (NYSE:CPK – Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $192.80 million during the quarter, compared to the consensus estimate of $182.45 million. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.Chesapeake Utilities’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 earnings per share. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.35 EPS. Sell-side analysts forecast that Chesapeake Utilities Corporation will post 5.39 EPS for the current fiscal year.
Chesapeake Utilities Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.685 per share. The ex-dividend date is Monday, September 15th. This represents a $2.74 annualized dividend and a yield of 2.2%. Chesapeake Utilities’s dividend payout ratio is presently 48.84%.
About Chesapeake Utilities
(Free Report)
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.
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