Rhumbline Advisers Sells 215 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Rhumbline Advisers lessened its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,653 shares of the utilities provider’s stock after selling 215 shares during the period. Rhumbline Advisers owned about 0.31% of Chesapeake Utilities worth $8,452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its stake in shares of Chesapeake Utilities by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the utilities provider’s stock worth $1,335,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. raised its holdings in Chesapeake Utilities by 19.2% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 102 shares in the last quarter. Caprock Group LLC lifted its position 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 buying an additional 110 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Chesapeake Utilities by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider’s stock valued at $702,000 after buying an additional 130 shares in the last quarter. Finally, Creative Planning grew its position in shares of Chesapeake Utilities by 1.8% in the 3rd quarter. Creative Planning now owns 7,706 shares of the utilities provider’s stock worth $957,000 after buying an additional 135 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CPK has been the subject of several recent analyst reports. Guggenheim raised their target price on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $123.00.

Chesapeake Utilities Trading Up 0.3 %

NYSE:CPK opened at $124.63 on Tuesday. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $121.75 and a 200-day simple moving average of $122.11. Chesapeake Utilities Co. has a 12 month low of $98.25 and a 12 month high of $134.20. The company has a market capitalization of $2.84 billion, a P/E ratio of 25.28 and a beta of 0.65.

Chesapeake Utilities 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.