Chesapeake Utilities Co. (NYSE:CPK) Shares Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC grew its stake in Chesapeake Utilities Co. (NYSE:CPK) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,601 shares of the utilities provider’s stock after purchasing an additional 212 shares during the period. Clear Harbor Asset Management LLC owned approximately 0.23% of Chesapeake Utilities worth $6,262,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jane Street Group LLC raised its position in Chesapeake Utilities by 11.6% during the 3rd quarter. Jane Street Group LLC now owns 41,032 shares of the utilities provider’s stock worth $5,095,000 after buying an additional 4,262 shares during the last quarter. HighTower Advisors LLC raised its holdings in Chesapeake Utilities by 2.4% during the third quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider’s stock worth $702,000 after purchasing an additional 130 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Chesapeake Utilities by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock valued at $51,979,000 after purchasing an additional 19,100 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Chesapeake Utilities by 11.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 53,121 shares of the utilities provider’s stock valued at $6,596,000 after purchasing an additional 5,487 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Chesapeake Utilities by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 287,993 shares of the utilities provider’s stock worth $35,760,000 after purchasing an additional 14,430 shares during the period. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Analysts Set New Price Targets

CPK has been the subject of several recent analyst reports. StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Guggenheim boosted their target price on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, 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 report on Monday, October 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $123.00.

Chesapeake Utilities Stock Performance

Chesapeake Utilities stock opened at $124.02 on Tuesday. Chesapeake Utilities Co. has a fifty-two week low of $98.25 and a fifty-two week high of $134.20. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 25.16 and a beta of 0.65. The stock has a fifty day moving average of $124.88 and a two-hundred day moving average of $120.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38.

Chesapeake Utilities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Monday, December 16th. Chesapeake Utilities’s payout ratio is 51.93%.

About Chesapeake Utilities

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.