SRS Capital Advisors Inc. Has $30,000 Position in Chesapeake Utilities Co. (NYSE:CPK)

SRS Capital Advisors Inc. raised its stake in Chesapeake Utilities Co. (NYSE:CPK) by 308.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286 shares of the utilities provider’s stock after acquiring an additional 216 shares during the period. SRS Capital Advisors Inc.’s holdings in Chesapeake Utilities were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CPK. Commonwealth Equity Services LLC raised its stake in Chesapeake Utilities by 2.5% in the third quarter. Commonwealth Equity Services LLC now owns 22,360 shares of the utilities provider’s stock valued at $2,186,000 after purchasing an additional 535 shares in the last quarter. Raymond James & Associates raised its position in shares of Chesapeake Utilities by 13.4% in the 3rd quarter. Raymond James & Associates now owns 11,248 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 1,325 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Chesapeake Utilities by 9.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 65,257 shares of the utilities provider’s stock worth $6,379,000 after acquiring an additional 5,542 shares during the period. Strs Ohio raised its position in Chesapeake Utilities by 5.0% during the third quarter. Strs Ohio now owns 44,200 shares of the utilities provider’s stock valued at $4,320,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Chesapeake Utilities by 17.8% during the third quarter. Inspire Investing LLC now owns 3,510 shares of the utilities provider’s stock worth $343,000 after purchasing an additional 531 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Chesapeake Utilities from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Royal Bank of Canada increased their target price on shares of Chesapeake Utilities from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, StockNews.com lowered shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Chesapeake Utilities has a consensus rating of “Hold” and an average price target of $107.00.

Chesapeake Utilities Price Performance

Shares of CPK opened at $110.05 on Monday. The business has a 50-day simple moving average of $104.19 and a two-hundred day simple moving average of $100.88. Chesapeake Utilities Co. has a 12-month low of $83.79 and a 12-month high of $132.91. The stock has a market cap of $2.45 billion, a PE ratio of 23.27 and a beta of 0.60. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 0.95.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.11. The business had revenue of $185.30 million during the quarter, compared to the consensus estimate of $234.60 million. Chesapeake Utilities had a return on equity of 10.19% and a net margin of 13.01%. Chesapeake Utilities’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share. Analysts anticipate that Chesapeake Utilities Co. will post 5.41 earnings per share for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.36 annualized dividend and a yield of 2.14%. Chesapeake Utilities’s payout ratio is 49.89%.

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.