Louisiana State Employees Retirement System Grows Stock Holdings in Chesapeake Utilities Co. (NYSE:CPK)

Louisiana State Employees Retirement System lifted its stake in shares of Chesapeake Utilities Co. (NYSE:CPK) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,000 shares of the utilities provider’s stock after acquiring an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Chesapeake Utilities were worth $1,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of Chesapeake Utilities by 11.6% in 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 period. HighTower Advisors LLC lifted its stake in Chesapeake Utilities by 2.4% in the third quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider’s stock worth $702,000 after acquiring an additional 130 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Chesapeake Utilities by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 287,993 shares of the utilities provider’s stock valued at $35,760,000 after purchasing an additional 14,430 shares in the last quarter. Quest Partners LLC purchased a new stake in Chesapeake Utilities during the third quarter worth $966,000. Finally, Systematic Financial Management LP purchased a new position in Chesapeake Utilities during the 3rd quarter worth $804,000. Institutional investors own 83.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CPK shares. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday. Guggenheim boosted their price target on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $123.00.

Chesapeake Utilities Trading Down 1.0 %

NYSE CPK opened at $121.73 on Monday. Chesapeake Utilities Co. has a 12 month low of $98.25 and a 12 month high of $134.20. The firm’s 50-day moving average is $122.18 and its two-hundred day moving average is $121.78. The stock has a market capitalization of $2.77 billion, a P/E ratio of 24.69 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32.

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.