Choreo LLC Sells 756 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Choreo LLC reduced its stake in shares of Chesapeake Utilities Co. (NYSE:CPK) by 25.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,207 shares of the utilities provider’s stock after selling 756 shares during the period. Choreo LLC’s holdings in Chesapeake Utilities were worth $268,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Assetmark Inc. grew its stake in shares of Chesapeake Utilities by 19.2% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $79,000 after buying an additional 102 shares during the last quarter. Caprock Group LLC raised its stake in shares of Chesapeake Utilities by 3.4% during the fourth quarter. Caprock Group LLC now owns 3,313 shares of the utilities provider’s stock valued at $404,000 after acquiring an additional 110 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of 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 during the period. Creative Planning grew its stake in shares of Chesapeake Utilities by 1.8% in the third quarter. Creative Planning now owns 7,706 shares of the utilities provider’s stock worth $957,000 after purchasing an additional 135 shares during the last quarter. Finally, Albert D Mason Inc. increased its holdings in Chesapeake Utilities by 1.2% during the 4th quarter. Albert D Mason Inc. now owns 12,576 shares of the utilities provider’s stock valued at $1,526,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Stock Performance

Chesapeake Utilities stock opened at $121.73 on Friday. Chesapeake Utilities Co. has a fifty-two week low of $98.25 and a fifty-two week high of $134.20. The stock’s 50 day simple moving average is $122.18 and its two-hundred day simple moving average is $121.74. 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 stock has a market cap of $2.77 billion, a price-to-earnings ratio of 24.69 and a beta of 0.65.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CPK. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday. Guggenheim raised their price target on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $123.00.

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.