First National Bank of Omaha Invests $570,000 in Chesapeake Utilities Corporation $CPK

First National Bank of Omaha purchased a new stake in Chesapeake Utilities Corporation (NYSE:CPK) in the 3rd quarter, HoldingsChannel reports. The firm purchased 4,229 shares of the utilities provider’s stock, valued at approximately $570,000.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Chesapeake Utilities by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,416 shares of the utilities provider’s stock valued at $327,000 after buying an additional 89 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Chesapeake Utilities by 4.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,231 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 96 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Chesapeake Utilities by 1.8% during the 2nd quarter. New York State Teachers Retirement System now owns 5,757 shares of the utilities provider’s stock worth $692,000 after purchasing an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Chesapeake Utilities by 94.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock valued at $27,000 after buying an additional 108 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Chesapeake Utilities by 6.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,098 shares of the utilities provider’s stock worth $283,000 after buying an additional 121 shares during the last quarter. 83.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chesapeake Utilities

In related news, CEO Jeffry M. Householder sold 1,908 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $125.83, for a total value of $240,083.64. Following the completion of the transaction, the chief executive officer directly owned 51,916 shares in the company, valued at approximately $6,532,590.28. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 17,500 shares of company stock worth $2,218,185. 2.68% of the stock is currently owned by insiders.

Chesapeake Utilities Price Performance

Shares of CPK stock opened at $133.77 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.55. The firm’s 50-day moving average is $127.19 and its two-hundred day moving average is $128.99. Chesapeake Utilities Corporation has a 12 month low of $115.24 and a 12 month high of $140.59. The company has a market capitalization of $3.16 billion, a PE ratio of 23.68 and a beta of 0.79.

Analyst Upgrades and Downgrades

CPK has been the topic of several research reports. Barclays set a $141.00 target price on Chesapeake Utilities and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chesapeake Utilities in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.00.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.