State of New Jersey Common Pension Fund D Sells 765 Shares of Chesapeake Utilities Co. (NYSE:CPK)

State of New Jersey Common Pension Fund D cut its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,072 shares of the utilities provider’s stock after selling 765 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Chesapeake Utilities worth $1,950,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CPK. Versant Capital Management Inc grew its holdings in Chesapeake Utilities by 2,018.2% during the fourth quarter. Versant Capital Management Inc now owns 233 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 222 shares during the period. Assetmark Inc. increased its stake in Chesapeake Utilities by 19.2% in the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 102 shares during the last quarter. KBC Group NV increased its holdings in shares of Chesapeake Utilities by 46.2% in the 4th quarter. KBC Group NV now owns 1,048 shares of the utilities provider’s stock worth $127,000 after buying an additional 331 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Chesapeake Utilities during the third quarter valued at approximately $182,000. Finally, Private Advisor Group LLC purchased a new stake in Chesapeake Utilities during the 3rd quarter valued at $202,000. 83.11% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Utilities Stock Up 0.3 %

CPK stock opened at $124.63 on Tuesday. The firm has a 50-day moving average of $121.75 and a two-hundred day moving average of $122.11. 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 company has a market cap of $2.84 billion, a price-to-earnings ratio of 25.28 and a beta of 0.65. Chesapeake Utilities Co. has a 12 month low of $98.25 and a 12 month high of $134.20.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CPK. StockNews.com raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.