Savant Capital LLC Decreases Position in Chesapeake Utilities Co. (NYSE:CPK)

Savant Capital LLC lowered its position in Chesapeake Utilities Co. (NYSE:CPK) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 20,925 shares of the utilities provider’s stock after selling 1,492 shares during the period. Savant Capital LLC’s holdings in Chesapeake Utilities were worth $2,539,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its holdings in shares of Chesapeake Utilities by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 12,947 shares of the utilities provider’s stock worth $1,571,000 after acquiring an additional 135 shares during the period. Spirit of America Management Corp NY increased its holdings in shares of Chesapeake Utilities by 66.7% during the 4th quarter. Spirit of America Management Corp NY now owns 2,500 shares of the utilities provider’s stock worth $303,000 after buying an additional 1,000 shares during the last quarter. Jennison Associates LLC raised its position in shares of Chesapeake Utilities by 2.7% during the 4th quarter. Jennison Associates LLC now owns 495,178 shares of the utilities provider’s stock valued at $60,090,000 after buying an additional 12,889 shares during the period. Caprock Group LLC lifted its holdings in Chesapeake Utilities by 3.4% in the fourth quarter. Caprock Group LLC now owns 3,313 shares of the utilities provider’s stock valued at $404,000 after acquiring an additional 110 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Chesapeake Utilities by 46.2% in the fourth quarter. KBC Group NV now owns 1,048 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Stock Down 0.8 %

Shares of NYSE CPK opened at $122.06 on Thursday. 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’s 50 day moving average is $122.47 and its two-hundred day moving average is $121.70. Chesapeake Utilities Co. has a 52-week low of $98.25 and a 52-week high of $134.20. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 24.76 and a beta of 0.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Guggenheim raised their price objective on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $123.00.

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.