Renaissance Technologies LLC Makes New Investment in Chesapeake Utilities Corporation $CPK

Renaissance Technologies LLC acquired a new stake in Chesapeake Utilities Corporation (NYSE:CPK) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,650 shares of the utilities provider’s stock, valued at approximately $1,219,000.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Chesapeake Utilities by 8.0% in the 1st quarter. Royal Bank of Canada now owns 28,886 shares of the utilities provider’s stock worth $3,710,000 after buying an additional 2,139 shares during the last quarter. AQR Capital Management LLC increased its holdings in Chesapeake Utilities by 69.6% during the first quarter. AQR Capital Management LLC now owns 6,283 shares of the utilities provider’s stock worth $807,000 after buying an additional 2,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Chesapeake Utilities by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,452 shares of the utilities provider’s stock worth $1,728,000 after acquiring an additional 870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Chesapeake Utilities by 3.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,096 shares of the utilities provider’s stock worth $10,158,000 after acquiring an additional 2,312 shares during the period. Finally, Jane Street Group LLC boosted its stake in Chesapeake Utilities by 1,714.7% in the first quarter. Jane Street Group LLC now owns 47,328 shares of the utilities provider’s stock valued at $6,078,000 after acquiring an additional 44,720 shares during the last quarter. 83.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Chesapeake Utilities news, CEO Jeffry M. Householder sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $126.12, for a total value of $1,261,200.00. Following the completion of the transaction, the chief executive officer owned 63,001 shares in the company, valued at $7,945,686.12. This trade represents a 13.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin J. Webber sold 2,000 shares of Chesapeake Utilities stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $127.37, for a total value of $254,740.00. Following the transaction, the senior vice president directly owned 12,652 shares of the company’s stock, valued at $1,611,485.24. The trade was a 13.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.36% of the stock is owned by company insiders.

Chesapeake Utilities Stock Performance

Shares of CPK stock opened at $135.32 on Friday. The firm’s 50 day moving average is $128.37 and its 200 day moving average is $128.50. The stock has a market capitalization of $3.26 billion, a P/E ratio of 21.58 and a beta of 0.68. Chesapeake Utilities Corporation has a 12 month low of $118.88 and a 12 month high of $140.83. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The business had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $198.91 million. Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. On average, sell-side analysts anticipate that Chesapeake Utilities Corporation will post 6.42 earnings per share for the current year.

Chesapeake Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, September 14th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, September 14th. Chesapeake Utilities’s payout ratio is presently 46.89%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CPK. Wall Street Zen downgraded shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Barclays set a $142.00 price objective on Chesapeake Utilities and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company raised their target price on Chesapeake Utilities from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $138.00.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.