Chesapeake Utilities Corporation $CPK Shares Bought by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC raised its stake in Chesapeake Utilities Corporation (NYSE:CPK) by 1,909.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 221 shares of the utilities provider’s stock after acquiring an additional 210 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Chesapeake Utilities were worth $27,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Jennison Associates LLC lifted its holdings in Chesapeake Utilities by 4.7% in the first quarter. Jennison Associates LLC now owns 518,231 shares of the utilities provider’s stock valued at $66,556,000 after acquiring an additional 23,053 shares during the period. Invesco Ltd. lifted its holdings in Chesapeake Utilities by 4.6% in the first quarter. Invesco Ltd. now owns 485,822 shares of the utilities provider’s stock valued at $62,394,000 after acquiring an additional 21,143 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Chesapeake Utilities by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 271,788 shares of the utilities provider’s stock valued at $34,906,000 after acquiring an additional 1,902 shares during the period. Wellington Management Group LLP acquired a new position in shares of Chesapeake Utilities during the 1st quarter worth approximately $26,299,000. Finally, Zimmer Partners LP raised its stake in shares of Chesapeake Utilities by 57.1% during the 1st quarter. Zimmer Partners LP now owns 177,048 shares of the utilities provider’s stock worth $22,738,000 after buying an additional 64,353 shares during the period. 83.11% of the stock is owned by institutional investors and hedge funds.

Chesapeake Utilities Stock Down 0.8%

NYSE CPK opened at $137.58 on Monday. The business has a fifty day moving average price of $127.35 and a 200 day moving average price of $125.74. Chesapeake Utilities Corporation has a one year low of $115.12 and a one year high of $140.59. 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 company has a market cap of $3.24 billion, a P/E ratio of 24.52 and a beta of 0.74.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The firm had revenue of $192.80 million during the quarter, compared to the consensus estimate of $182.45 million. During the same period in the prior year, the company earned $0.86 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.35 EPS. Research analysts anticipate that Chesapeake Utilities Corporation will post 5.39 EPS for the current fiscal year.

Chesapeake Utilities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Monday, September 15th were issued a $0.685 dividend. This represents a $2.74 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, September 15th. Chesapeake Utilities’s dividend payout ratio is presently 48.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chesapeake Utilities in a research note on Wednesday, October 8th. Barclays reduced their target price on Chesapeake Utilities from $124.00 to $120.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $124.50.

Insider Transactions at Chesapeake Utilities

In other Chesapeake Utilities news, CFO Beth W. Cooper sold 5,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $132.15, for a total value of $660,750.00. Following the completion of the sale, the chief financial officer directly owned 90,713 shares in the company, valued at $11,987,722.95. This represents a 5.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.51% of the stock is currently owned by insiders.

Chesapeake Utilities Company Profile

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.