Crossmark Global Holdings Inc. Acquires New Shares in Chesapeake Utilities Co. (NYSE:CPK)

Crossmark Global Holdings Inc. bought a new position in Chesapeake Utilities Co. (NYSE:CPK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,708 shares of the utilities provider’s stock, valued at approximately $337,000.

A number of other hedge funds also recently added to or reduced their stakes in CPK. Assetmark Inc. grew its position in shares of Chesapeake Utilities by 19.2% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 102 shares during the last quarter. Fifth Third Bancorp grew its position in Chesapeake Utilities by 17.7% in the 2nd quarter. Fifth Third Bancorp now owns 765 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 115 shares during the last quarter. Creative Planning grew its position in Chesapeake Utilities by 1.8% in the 3rd quarter. Creative Planning now owns 7,706 shares of the utilities provider’s stock worth $957,000 after purchasing an additional 135 shares during the last quarter. Trust Point Inc. increased its stake in shares of Chesapeake Utilities by 3.2% in the third quarter. Trust Point Inc. now owns 4,919 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 153 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Chesapeake Utilities by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the utilities provider’s stock valued at $1,189,000 after buying an additional 200 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors.

Chesapeake Utilities Trading Up 0.6 %

Shares of NYSE:CPK opened at $126.97 on Monday. Chesapeake Utilities Co. has a twelve month low of $90.21 and a twelve month high of $128.81. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.89 billion, a P/E ratio of 25.75 and a beta of 0.61. The company has a 50 day moving average of $121.60 and a 200-day moving average of $115.44.

Chesapeake Utilities Announces Dividend

The company 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 dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Monday, December 16th. Chesapeake Utilities’s payout ratio is currently 51.93%.

Analyst Upgrades and Downgrades

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

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.