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%.
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.
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