SG Americas Securities LLC Has $1.79 Million Holdings in Chesapeake Utilities Corporation $CPK

SG Americas Securities LLC boosted its stake in Chesapeake Utilities Corporation (NYSE:CPK) by 49.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,178 shares of the utilities provider’s stock after purchasing an additional 4,692 shares during the period. SG Americas Securities LLC owned about 0.06% of Chesapeake Utilities worth $1,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Chesapeake Utilities by 31.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 325 shares of the utilities provider’s stock valued at $41,000 after buying an additional 78 shares during the last quarter. Wealthspire Advisors LLC raised its position in shares of Chesapeake Utilities by 0.3% during the fourth quarter. Wealthspire Advisors LLC now owns 29,488 shares of the utilities provider’s stock worth $3,679,000 after acquiring an additional 93 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Chesapeake Utilities by 6.1% during the fourth quarter. Franklin Resources Inc. now owns 1,646 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 95 shares during the last quarter. Intrust Bank NA lifted its stake in shares of Chesapeake Utilities by 2.2% in the fourth quarter. Intrust Bank NA now owns 4,540 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 97 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Chesapeake Utilities by 66.1% in the third quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 109 shares during the period. 83.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chesapeake Utilities news, SVP Kevin J. Webber sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $127.37, for a total value of $254,740.00. Following the completion of the sale, the senior vice president owned 12,652 shares of the company’s stock, valued at approximately $1,611,485.24. This trade represents a 13.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffry M. Householder sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.12, for a total value of $1,261,200.00. Following the completion of the sale, the chief executive officer directly owned 63,001 shares of the company’s stock, valued at $7,945,686.12. This trade represents a 13.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.36% of the stock is currently owned by corporate insiders.

Chesapeake Utilities Stock Up 1.9%

Shares of NYSE CPK opened at $125.14 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. The firm has a market cap of $3.00 billion, a PE ratio of 20.05 and a beta of 0.69. The company’s fifty day simple moving average is $124.38 and its 200 day simple moving average is $126.98. Chesapeake Utilities Corporation has a 12-month low of $118.83 and a 12-month high of $140.59.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. The firm had revenue of $353.10 million during the quarter, compared to the consensus estimate of $339.86 million. Chesapeake Utilities had a net margin of 15.11% and a return on equity of 9.53%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 earnings per share. Chesapeake Utilities has set its FY 2028 guidance at 7.750-8.00 EPS. As a group, sell-side analysts forecast that Chesapeake Utilities Corporation will post 6.51 earnings per share for the current fiscal year.

Chesapeake Utilities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Chesapeake Utilities’s previous quarterly dividend of $0.69. Chesapeake Utilities’s dividend payout ratio is presently 47.12%.

Analyst Ratings Changes

CPK has been the subject of several recent analyst reports. Weiss Ratings cut shares of Chesapeake Utilities from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Wells Fargo & Company assumed coverage on shares of Chesapeake Utilities in a research report on Tuesday, May 12th. They set an “equal weight” rating and a $132.00 price target on the stock. Finally, Barclays set a $142.00 price target on Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Monday, April 20th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $137.00.

Chesapeake Utilities Company 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.