Harbour Investments Inc. Has $421,000 Stock Position in Chesapeake Utilities Co. (NYSE:CPK)

Harbour Investments Inc. lessened its holdings in Chesapeake Utilities Co. (NYSE:CPK) by 10.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,394 shares of the utilities provider’s stock after selling 416 shares during the period. Harbour Investments Inc.’s holdings in Chesapeake Utilities were worth $421,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wedge Capital Management L L P NC raised its stake in shares of Chesapeake Utilities by 33.7% in the second quarter. Wedge Capital Management L L P NC now owns 57,163 shares of the utilities provider’s stock worth $6,071,000 after purchasing an additional 14,417 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Chesapeake Utilities by 76.1% in the 2nd quarter. Boston Trust Walden Corp now owns 274,405 shares of the utilities provider’s stock worth $29,142,000 after acquiring an additional 118,561 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Chesapeake Utilities in the first quarter valued at about $583,000. Vanguard Group Inc. lifted its position in shares of Chesapeake Utilities by 6.8% during the first quarter. Vanguard Group Inc. now owns 1,859,001 shares of the utilities provider’s stock valued at $199,471,000 after purchasing an additional 118,878 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings 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 purchasing an additional 104,850 shares during the last quarter. Institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Price Performance

Chesapeake Utilities stock opened at $126.97 on Friday. The business’s 50 day simple moving average is $121.60 and its 200 day simple moving average is $115.38. Chesapeake Utilities Co. has a 12 month low of $90.21 and a 12 month high of $128.81. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 25.75 and a beta of 0.61. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87.

Chesapeake Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 51.93%.

Analyst Ratings Changes

Several research firms have commented on CPK. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Barclays boosted their price objective on Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th.

Chesapeake Utilities 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.