Mutual of America Capital Management LLC Has $6.35 Million Stake in Chesapeake Utilities Co. (NYSE:CPK)

Mutual of America Capital Management LLC reduced its stake in shares of Chesapeake Utilities Co. (NYSE:CPK) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,108 shares of the utilities provider’s stock after selling 732 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.23% of Chesapeake Utilities worth $6,346,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPK. Assetmark Inc. boosted its stake in shares of Chesapeake Utilities by 19.2% during the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $79,000 after buying an additional 102 shares during the period. Fifth Third Bancorp raised its holdings in shares of Chesapeake Utilities by 17.7% during the second quarter. Fifth Third Bancorp now owns 765 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 115 shares in the last quarter. Creative Planning boosted its position in Chesapeake Utilities by 1.8% during the third quarter. Creative Planning now owns 7,706 shares of the utilities provider’s stock valued at $957,000 after purchasing an additional 135 shares during the last quarter. Trust Point Inc. grew its stake in Chesapeake Utilities by 3.2% in the third quarter. Trust Point Inc. now owns 4,919 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 153 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Chesapeake Utilities by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the utilities provider’s stock worth $1,189,000 after purchasing an additional 200 shares during the last quarter. 83.11% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Utilities Price Performance

Shares of NYSE:CPK opened at $130.56 on Wednesday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 26.48 and a beta of 0.61. The business has a 50-day moving average of $122.03 and a two-hundred day moving average of $115.73. Chesapeake Utilities Co. has a fifty-two week low of $90.21 and a fifty-two week high of $130.93. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32.

Chesapeake Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be given a dividend of $0.64 per share. The ex-dividend date is Monday, December 16th. This represents a $2.56 dividend on an annualized basis and a yield of 1.96%. Chesapeake Utilities’s payout ratio is currently 51.93%.

Analyst Upgrades and Downgrades

CPK has been the subject of several research reports. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Barclays lifted their target price on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th.

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.