Cox Capital Mgt LLC Sells 127 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Cox Capital Mgt LLC trimmed its position in shares of Chesapeake Utilities Co. (NYSE:CPK) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,841 shares of the utilities provider’s stock after selling 127 shares during the period. Cox Capital Mgt LLC’s holdings in Chesapeake Utilities were worth $1,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CPK. Versant Capital Management Inc boosted its position in shares of Chesapeake Utilities by 2,018.2% during the fourth quarter. Versant Capital Management Inc now owns 233 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. Assetmark Inc. boosted its holdings 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 in the last quarter. nVerses Capital LLC bought a new stake in shares of Chesapeake Utilities during the 3rd quarter valued at $99,000. GAMMA Investing LLC grew its position in shares of Chesapeake Utilities by 64.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,038 shares of the utilities provider’s stock worth $129,000 after buying an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Chesapeake Utilities in the 3rd quarter worth about $182,000. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Guggenheim boosted their price target on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chesapeake Utilities has an average rating of “Hold” and an average price target of $123.00.

Chesapeake Utilities Stock Up 1.5 %

NYSE:CPK opened at $119.17 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38. The firm has a market cap of $2.71 billion, a P/E ratio of 24.17 and a beta of 0.65. Chesapeake Utilities Co. has a fifty-two week low of $98.25 and a fifty-two week high of $134.20. The firm has a 50-day simple moving average of $125.02 and a two-hundred day simple moving average of $120.15.

Chesapeake Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were issued a $0.64 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.56 dividend on an annualized basis and a yield of 2.15%. Chesapeake Utilities’s payout ratio is currently 51.93%.

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.