BlueMountain Capital Management LLC Has $1.15 Million Stake in Chesapeake Utilities Co. (CPK)

BlueMountain Capital Management LLC lifted its holdings in shares of Chesapeake Utilities Co. (NYSE:CPK) by 78.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,363 shares of the utilities provider’s stock after acquiring an additional 6,330 shares during the period. BlueMountain Capital Management LLC owned approximately 0.09% of Chesapeake Utilities worth $1,148,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Chesapeake Utilities by 13.9% during the 2nd quarter. BlackRock Inc. now owns 1,195,316 shares of the utilities provider’s stock worth $95,566,000 after acquiring an additional 145,855 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Chesapeake Utilities by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 543,699 shares of the utilities provider’s stock worth $43,469,000 after purchasing an additional 4,951 shares in the last quarter. Millennium Management LLC increased its position in shares of Chesapeake Utilities by 131.4% during the 1st quarter. Millennium Management LLC now owns 138,449 shares of the utilities provider’s stock worth $9,740,000 after purchasing an additional 78,623 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Chesapeake Utilities by 12.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 93,340 shares of the utilities provider’s stock worth $7,463,000 after purchasing an additional 10,528 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Chesapeake Utilities by 12.0% during the 1st quarter. Wells Fargo & Company MN now owns 91,603 shares of the utilities provider’s stock worth $6,444,000 after purchasing an additional 9,782 shares in the last quarter. 63.68% of the stock is owned by institutional investors.

Shares of Chesapeake Utilities stock opened at $88.55 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 30.16, a PEG ratio of 4.22 and a beta of -0.01. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 0.48. Chesapeake Utilities Co. has a 12-month low of $66.35 and a 12-month high of $88.55.

Chesapeake Utilities (NYSE:CPK) last announced its earnings results on Thursday, August 9th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The firm had revenue of $136.66 million for the quarter, compared to analyst estimates of $140.85 million. Chesapeake Utilities had a return on equity of 10.75% and a net margin of 9.68%. equities research analysts forecast that Chesapeake Utilities Co. will post 3.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Friday, September 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 13th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 51.21%.

A number of brokerages recently issued reports on CPK. ValuEngine upgraded shares of Chesapeake Utilities from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Zacks Investment Research cut shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a research report on Monday, July 16th.

In other Chesapeake Utilities news, insider Stephen C. Thompson sold 988 shares of the firm’s stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $77.99, for a total value of $77,054.12. Following the completion of the sale, the insider now owns 73,605 shares in the company, valued at approximately $5,740,453.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen C. Thompson sold 1,772 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $77.21, for a total transaction of $136,816.12. Following the completion of the sale, the insider now owns 73,605 shares of the company’s stock, valued at approximately $5,683,042.05. The disclosure for this sale can be found here. Insiders have sold a total of 7,760 shares of company stock valued at $624,120 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.

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

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