Chesapeake Utilities Co. (NYSE:CPK) Stock Position Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 4.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 17,630 shares of the utilities provider’s stock after selling 857 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chesapeake Utilities were worth $2,189,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Chesapeake Utilities by 180.1% in the second quarter. GAMMA Investing LLC now owns 633 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 407 shares in the last quarter. Assetmark Inc. grew its stake in shares of Chesapeake Utilities by 19.2% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 102 shares in the last quarter. Fifth Third Bancorp grew 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 in the last quarter. nVerses Capital LLC acquired a new stake in shares of Chesapeake Utilities in the third quarter valued at $99,000. Finally, Spirit of America Management Corp NY lifted its holdings in shares of Chesapeake Utilities by 81.8% in the second quarter. Spirit of America Management Corp NY now owns 1,000 shares of the utilities provider’s stock valued at $106,000 after buying an additional 450 shares during the period. Institutional investors own 83.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CPK. Barclays upped their price objective on Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a 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. Finally, Guggenheim upped their target price on Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $123.00.

Chesapeake Utilities Trading Up 0.8 %

Shares of NYSE CPK opened at $131.78 on Thursday. Chesapeake Utilities Co. has a 12 month low of $91.17 and a 12 month high of $134.20. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 26.73 and a beta of 0.61. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $122.95 and a 200-day simple moving average of $116.44.

Chesapeake Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Monday, December 16th. Chesapeake Utilities’s dividend payout ratio is currently 51.93%.

Chesapeake Utilities 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.