Chesapeake Utilities Corporation (CPK) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its holdings in Chesapeake Utilities Corporation (NYSE:CPK) by 8.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,480 shares of the utilities provider’s stock after selling 4,404 shares during the period. Miller Howard Investments Inc. NY owned 0.28% of Chesapeake Utilities Corporation worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CPK. Goldman Sachs Group Inc. raised its stake in Chesapeake Utilities Corporation by 1,995.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 96,876 shares of the utilities provider’s stock valued at $7,261,000 after acquiring an additional 92,252 shares during the period. Vanguard Group Inc. raised its stake in Chesapeake Utilities Corporation by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 838,531 shares of the utilities provider’s stock valued at $58,026,000 after acquiring an additional 56,078 shares during the period. Kennedy Capital Management Inc. increased its position in Chesapeake Utilities Corporation by 61.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 144,753 shares of the utilities provider’s stock worth $10,849,000 after buying an additional 55,216 shares during the period. William Blair Investment Management LLC increased its position in Chesapeake Utilities Corporation by 21.9% during the 2nd quarter. William Blair Investment Management LLC now owns 288,803 shares of the utilities provider’s stock worth $21,646,000 after buying an additional 51,898 shares during the period. Finally, Wells Fargo & Company MN increased its position in Chesapeake Utilities Corporation by 118.2% during the 2nd quarter. Wells Fargo & Company MN now owns 42,346 shares of the utilities provider’s stock worth $3,173,000 after buying an additional 22,935 shares during the period. Institutional investors and hedge funds own 61.21% of the company’s stock.

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Chesapeake Utilities Corporation (NYSE:CPK) traded up $0.65 during mid-day trading on Friday, reaching $80.00. The company’s stock had a trading volume of 43,762 shares, compared to its average volume of 41,335. The stock has a market cap of $1.31 billion, a P/E ratio of 31.37, a PEG ratio of 4.73 and a beta of 0.25. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.44.

Chesapeake Utilities Corporation (NYSE:CPK) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.18). The company had revenue of $125.08 million for the quarter, compared to analysts’ expectations of $116.50 million. Chesapeake Utilities Corporation had a net margin of 7.40% and a return on equity of 9.18%. Chesapeake Utilities Corporation’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. sell-side analysts predict that Chesapeake Utilities Corporation will post 2.83 earnings per share for the current year.

Several research analysts have weighed in on CPK shares. Sidoti started coverage on Chesapeake Utilities Corporation in a research report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 price objective on the stock. BidaskClub upgraded Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research upgraded Chesapeake Utilities Corporation from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Six analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $73.00.

About Chesapeake Utilities Corporation

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.

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Institutional Ownership by Quarter for Chesapeake Utilities Corporation (NYSE:CPK)

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