Chesapeake Utilities Co. (NYSE:CPK) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Chesapeake Utilities Co. (NYSE:CPK) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,602 shares of the utilities provider’s stock after selling 188 shares during the period. Amalgamated Bank’s holdings in Chesapeake Utilities were worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of Chesapeake Utilities by 17.7% in the second quarter. Fifth Third Bancorp now owns 765 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 115 shares during the last quarter. Creative Planning raised its position in Chesapeake Utilities by 1.8% during the 3rd quarter. Creative Planning now owns 7,706 shares of the utilities provider’s stock worth $957,000 after buying an additional 135 shares during the last quarter. Trust Point Inc. lifted its stake in Chesapeake Utilities by 3.2% during the 3rd quarter. Trust Point Inc. now owns 4,919 shares of the utilities provider’s stock valued at $611,000 after acquiring an additional 153 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Chesapeake Utilities by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the utilities provider’s stock valued at $1,189,000 after acquiring an additional 200 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Chesapeake Utilities by 1.9% in the first quarter. American International Group Inc. now owns 11,816 shares of the utilities provider’s stock worth $1,268,000 after acquiring an additional 215 shares during the period. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Stock Performance

CPK opened at $126.26 on Friday. The firm has a fifty day moving average price of $121.43 and a 200 day moving average price of $115.17. Chesapeake Utilities Co. has a 1 year low of $90.21 and a 1 year high of $128.81. The stock has a market cap of $2.88 billion, a P/E ratio of 25.61 and a beta of 0.61. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32.

Chesapeake Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be given a $0.64 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.03%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 51.93%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

About Chesapeake Utilities

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.