Assetmark Inc. Acquires 102 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Assetmark Inc. grew its position in Chesapeake Utilities Co. (NYSE:CPK) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 634 shares of the utilities provider’s stock after purchasing an additional 102 shares during the quarter. Assetmark Inc.’s holdings in Chesapeake Utilities were worth $79,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CPK. Vanguard Group Inc. grew its holdings in shares of Chesapeake Utilities by 6.8% during the first quarter. Vanguard Group Inc. now owns 1,859,001 shares of the utilities provider’s stock valued at $199,471,000 after buying an additional 118,878 shares during the last quarter. Copeland Capital Management LLC lifted its position in Chesapeake Utilities by 9.5% during the third quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider’s stock valued at $73,567,000 after purchasing an additional 51,164 shares during the period. Dimensional Fund Advisors LP lifted its position in Chesapeake Utilities by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock valued at $51,979,000 after purchasing an additional 19,100 shares during the period. Boston Trust Walden Corp lifted its position in Chesapeake Utilities by 9.5% during the third quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider’s stock valued at $37,320,000 after purchasing an additional 26,147 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Chesapeake Utilities by 61.5% during the first quarter. Janus Henderson Group PLC now owns 275,204 shares of the utilities provider’s stock valued at $29,529,000 after purchasing an additional 104,850 shares during the period. 83.11% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Utilities Trading Up 1.9 %

Shares of Chesapeake Utilities stock opened at $129.34 on Tuesday. The firm has a 50-day simple moving average of $121.83 and a two-hundred day simple moving average of $115.58. The company has a market cap of $2.95 billion, a P/E ratio of 26.24 and a beta of 0.61. Chesapeake Utilities Co. has a fifty-two week low of $90.21 and a fifty-two week high of $129.54. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38.

Chesapeake Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be given a dividend of $0.64 per share. The ex-dividend date is Monday, December 16th. This represents a $2.56 annualized dividend and a dividend yield of 1.98%. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 51.93%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CPK. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Barclays upped their price objective on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th.

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.