Quantamental Technologies LLC Sells 300 Shares of Chesapeake Utilities Co. (CPK)

Quantamental Technologies LLC lowered its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 32.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 622 shares of the utilities provider’s stock after selling 300 shares during the period. Quantamental Technologies LLC’s holdings in Chesapeake Utilities were worth $57,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in shares of Chesapeake Utilities by 40.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 398 shares of the utilities provider’s stock valued at $32,000 after buying an additional 115 shares during the last quarter. Cox Capital Mgt LLC raised its holdings in shares of Chesapeake Utilities by 1.3% during the first quarter. Cox Capital Mgt LLC now owns 10,954 shares of the utilities provider’s stock valued at $999,000 after buying an additional 141 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of Chesapeake Utilities by 80.0% during the first quarter. Tradewinds Capital Management LLC now owns 450 shares of the utilities provider’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. Fruth Investment Management raised its holdings in shares of Chesapeake Utilities by 1.0% during the fourth quarter. Fruth Investment Management now owns 24,351 shares of the utilities provider’s stock valued at $1,979,000 after buying an additional 250 shares during the last quarter. Finally, Sapphire Star Partners LP increased its stake in shares of Chesapeake Utilities by 2.6% during the fourth 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. 64.72% of the stock is currently owned by institutional investors.

NYSE CPK opened at $95.25 on Tuesday. Chesapeake Utilities Co. has a 12 month low of $73.55 and a 12 month high of $95.48. The company has a current ratio of 0.30, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.51 billion, a P/E ratio of 28.78, a P/E/G ratio of 4.19 and a beta of 0.25.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.08. Chesapeake Utilities had a net margin of 8.27% and a return on equity of 11.41%. The business had revenue of $227.62 million for the quarter, compared to analyst estimates of $271.10 million. Sell-side analysts predict that Chesapeake Utilities Co. will post 3.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from Chesapeake Utilities’s previous quarterly dividend of $0.37. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 44.71%.

A number of research analysts recently commented on the stock. Wells Fargo & Co reiterated a “hold” rating on shares of Chesapeake Utilities in a research note on Friday. Maxim Group set a $100.00 price objective on shares of Chesapeake Utilities and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research lowered 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 two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $93.31.

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Chesapeake Utilities 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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