SG Americas Securities LLC Has $1.79 Million Stock Holdings in Chesapeake Utilities Corporation $CPK

SG Americas Securities LLC raised its holdings in Chesapeake Utilities Corporation (NYSE:CPK) by 49.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,178 shares of the utilities provider’s stock after buying an additional 4,692 shares during the period. SG Americas Securities LLC’s holdings in Chesapeake Utilities were worth $1,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in shares of Chesapeake Utilities in the 4th quarter worth about $497,000. Rockefeller Capital Management L.P. lifted its position in Chesapeake Utilities by 133.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 487 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 278 shares in the last quarter. Anchor Investment Management LLC boosted its stake in Chesapeake Utilities by 0.9% during the 4th quarter. Anchor Investment Management LLC now owns 25,017 shares of the utilities provider’s stock valued at $3,121,000 after purchasing an additional 216 shares during the last quarter. Dean Capital Management acquired a new position in Chesapeake Utilities during the 4th quarter valued at about $3,475,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Chesapeake Utilities by 0.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 145,942 shares of the utilities provider’s stock worth $18,208,000 after purchasing an additional 391 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPK has been the subject of several analyst reports. Wells Fargo & Company began coverage on Chesapeake Utilities in a research note on Tuesday, May 12th. They issued an “equal weight” rating and a $132.00 price objective for the company. Barclays set a $142.00 target price on Chesapeake Utilities and gave the company an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings downgraded Chesapeake Utilities from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Finally, Wall Street Zen raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.00.

Insider Buying and Selling

In other Chesapeake Utilities news, CEO Jeffry M. Householder sold 10,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 63,001 shares of the company’s stock, valued at approximately $7,945,686.12. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin J. Webber sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.37, for a total value of $254,740.00. Following the completion of the transaction, the senior vice president owned 12,652 shares of the company’s stock, valued at $1,611,485.24. This trade represents a 13.65% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.36% of the company’s stock.

Chesapeake Utilities Stock Up 1.9%

Chesapeake Utilities stock opened at $125.14 on Friday. Chesapeake Utilities Corporation has a fifty-two week low of $118.83 and a fifty-two week high of $140.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.43. The firm’s 50-day simple moving average is $124.38 and its 200 day simple moving average is $126.98. The stock has a market cap of $3.00 billion, a PE ratio of 20.05 and a beta of 0.69.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.38 by $0.09. Chesapeake Utilities had a net margin of 15.11% and a return on equity of 9.53%. The firm had revenue of $353.10 million during the quarter, compared to analyst estimates of $339.86 million. During the same quarter last year, the business posted $2.22 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.00 EPS. Research analysts predict that Chesapeake Utilities Corporation will post 6.51 EPS for the current fiscal year.

Chesapeake Utilities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.735 dividend. This is a boost from Chesapeake Utilities’s previous quarterly dividend of $0.69. This represents a $2.94 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. Chesapeake Utilities’s dividend payout ratio is currently 47.12%.

Chesapeake Utilities 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.