Coldstream Capital Management Inc. Has $258,000 Holdings in Chesapeake Utilities Corporation $CPK

Coldstream Capital Management Inc. raised its holdings in Chesapeake Utilities Corporation (NYSE:CPK) by 433.7% in the second quarter, Holdings Channel reports. The fund owned 2,140 shares of the utilities provider’s stock after acquiring an additional 1,739 shares during the period. Coldstream Capital Management Inc.’s holdings in Chesapeake Utilities were worth $258,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. JFS Wealth Advisors LLC raised its position in shares of Chesapeake Utilities by 1,909.1% during the second quarter. JFS Wealth Advisors LLC now owns 221 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. increased its stake in Chesapeake Utilities by 292.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 164 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Chesapeake Utilities during the 1st quarter worth approximately $85,000. Belpointe Asset Management LLC acquired a new stake in Chesapeake Utilities during the 1st quarter worth approximately $206,000. Finally, PAX Financial Group LLC bought a new position in Chesapeake Utilities in the second quarter valued at approximately $211,000. 83.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Jeffery S. Sylvester sold 1,000 shares of Chesapeake Utilities stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $137.08, for a total value of $137,080.00. Following the completion of the transaction, the chief operating officer owned 11,916 shares of the company’s stock, valued at $1,633,445.28. This trade represents a 7.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Beth W. Cooper sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $132.15, for a total transaction of $660,750.00. Following the transaction, the chief financial officer owned 90,713 shares in the company, valued at $11,987,722.95. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CPK has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Chesapeake Utilities in a research report on Wednesday. Barclays set a $141.00 target price on Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, BTIG Research started coverage on Chesapeake Utilities in a report on Tuesday, October 21st. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Chesapeake Utilities has an average rating of “Moderate Buy” and a consensus target price of $141.00.

Chesapeake Utilities Price Performance

Shares of NYSE CPK opened at $139.06 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.42 and a quick ratio of 0.36. The business has a 50-day moving average of $134.15 and a 200-day moving average of $126.53. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 24.79 and a beta of 0.79. Chesapeake Utilities Corporation has a fifty-two week low of $115.12 and a fifty-two week high of $140.59.

Chesapeake Utilities (NYSE:CPK) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). The company had revenue of $179.60 million for the quarter, compared to the consensus estimate of $167.30 million. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 EPS. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.350 EPS. As a group, sell-side analysts predict that Chesapeake Utilities Corporation will post 5.39 earnings per share for the current fiscal year.

Chesapeake Utilities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 15th will be paid a $0.685 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.74 annualized dividend and a dividend yield of 2.0%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 48.50%.

About Chesapeake Utilities

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.