John R. Schimkaitis Sells 2,500 Shares of Chesapeake Utilities Co. (CPK) Stock

Chesapeake Utilities Co. (NYSE:CPK) insider John R. Schimkaitis sold 2,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $76.65, for a total value of $191,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chesapeake Utilities Co. (CPK) remained flat at $$76.05 during trading hours on Friday. The company’s stock had a trading volume of 79,100 shares, compared to its average volume of 54,367. Chesapeake Utilities Co. has a 1-year low of $63.00 and a 1-year high of $86.35. The firm has a market capitalization of $1,242.99, a P/E ratio of 28.27, a P/E/G ratio of 3.71 and a beta of 0.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.44 and a quick ratio of 0.39.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be given a dividend of $0.325 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.30 annualized dividend and a dividend yield of 1.71%. Chesapeake Utilities’s dividend payout ratio (DPR) is 48.33%.

Several analysts have recently weighed in on CPK shares. Sidoti started coverage on Chesapeake Utilities in a research report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 target price for the company. Zacks Investment Research upgraded Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Tuesday, November 14th.

Large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Chesapeake Utilities by 11.9% in the second quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 148 shares in the last quarter. Pitcairn Co. bought a new stake in shares of Chesapeake Utilities in the third quarter valued at about $201,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Chesapeake Utilities in the third quarter valued at about $207,000. Victory Capital Management Inc. raised its holdings in shares of Chesapeake Utilities by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,663 shares of the utilities provider’s stock valued at $200,000 after acquiring an additional 398 shares in the last quarter. Finally, Symons Capital Management Inc. bought a new stake in shares of Chesapeake Utilities in the third quarter valued at about $223,000. Institutional investors and hedge funds own 62.16% of the company’s stock.

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Chesapeake Utilities Company Profile

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.

Insider Buying and Selling by Quarter for Chesapeake Utilities (NYSE:CPK)

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