Chesapeake Utilities Co. (NYSE:CPK) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in Chesapeake Utilities Co. (NYSE:CPK) by 2.8% in the 3rd quarter, Holdings Channel reports. The firm owned 6,602 shares of the utilities provider’s stock after selling 188 shares during the quarter. Amalgamated Bank’s holdings in Chesapeake Utilities were worth $820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPK. Vanguard Group Inc. grew its stake in Chesapeake Utilities by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 1,859,001 shares of the utilities provider’s stock valued at $199,471,000 after acquiring an additional 118,878 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Chesapeake Utilities by 9.5% during the 3rd quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider’s stock worth $73,567,000 after purchasing an additional 51,164 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Chesapeake Utilities by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock valued at $51,979,000 after purchasing an additional 19,100 shares during the last quarter. Boston Trust Walden Corp lifted its position in Chesapeake Utilities by 9.5% during the third quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider’s stock worth $37,320,000 after buying an additional 26,147 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Chesapeake Utilities by 61.5% during the first quarter. Janus Henderson Group PLC now owns 275,204 shares of the utilities provider’s stock worth $29,529,000 after buying an additional 104,850 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. StockNews.com raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

Chesapeake Utilities Stock Down 0.2 %

Shares of Chesapeake Utilities stock opened at $126.26 on Friday. Chesapeake Utilities Co. has a 52-week low of $90.21 and a 52-week high of $128.81. The company has a 50 day moving average of $121.43 and a 200 day moving average of $115.17. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $2.88 billion, a P/E ratio of 25.61 and a beta of 0.61.

Chesapeake Utilities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities’s dividend payout ratio is presently 51.93%.

Chesapeake Utilities Company Profile

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.