Cox Capital Mgt LLC Grows Stake in Chesapeake Utilities Co. (NYSE:CPK)

Cox Capital Mgt LLC boosted its stake in Chesapeake Utilities Co. (NYSE:CPK) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,954 shares of the utilities provider’s stock after acquiring an additional 141 shares during the quarter. Cox Capital Mgt LLC owned about 0.07% of Chesapeake Utilities worth $999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CPK. Public Employees Retirement System of Ohio increased its holdings in shares of Chesapeake Utilities by 40.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 398 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 115 shares during the last quarter. Fruth Investment Management raised its holdings in Chesapeake Utilities by 1.0% during the 4th quarter. Fruth Investment Management now owns 24,351 shares of the utilities provider’s stock valued at $1,979,000 after acquiring an additional 250 shares during the period. Sapphire Star Partners LP raised its holdings in Chesapeake Utilities by 2.6% during the 4th quarter. Sapphire Star Partners LP now owns 11,264 shares of the utilities provider’s stock valued at $917,000 after acquiring an additional 287 shares during the period. Virginia Retirement Systems ET AL grew its position in shares of Chesapeake Utilities by 5.1% during the 4th quarter. Virginia Retirement Systems ET AL now owns 6,200 shares of the utilities provider’s stock valued at $504,000 after purchasing an additional 300 shares in the last quarter. Finally, Intrust Bank NA grew its position in shares of Chesapeake Utilities by 4.4% during the 4th quarter. Intrust Bank NA now owns 10,492 shares of the utilities provider’s stock valued at $853,000 after purchasing an additional 446 shares in the last quarter. 64.76% of the stock is currently owned by institutional investors.

NYSE:CPK traded up $0.06 during trading hours on Thursday, reaching $92.47. 55,748 shares of the company were exchanged, compared to its average volume of 51,507. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.33 and a current ratio of 0.36. The stock has a market capitalization of $1.52 billion, a PE ratio of 27.94, a P/E/G ratio of 4.14 and a beta of 0.26. Chesapeake Utilities Co. has a twelve month low of $73.55 and a twelve month high of $94.87.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings data on Tuesday, February 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.12). The company had revenue of $201.19 million for the quarter, compared to analyst estimates of $185.70 million. Chesapeake Utilities had a return on equity of 10.67% and a net margin of 7.89%. Research analysts forecast that Chesapeake Utilities Co. will post 3.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Thursday, March 14th. Chesapeake Utilities’s dividend payout ratio is presently 44.71%.

Several research analysts recently issued reports on CPK shares. Wells Fargo & Co upped their target price on shares of Chesapeake Utilities from $84.00 to $90.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Zacks Investment Research downgraded shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $93.31.

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Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.

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Institutional Ownership by Quarter for Chesapeake Utilities (NYSE:CPK)

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