StockNews.com upgraded shares of Chesapeake Utilities (NYSE:CPK – Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday.
Separately, Guggenheim boosted their price objective on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Chesapeake Utilities presently has an average rating of “Hold” and an average target price of $123.00.
Chesapeake Utilities Stock Down 1.0 %
CPK opened at $121.73 on Friday. Chesapeake Utilities has a one year low of $98.25 and a one year high of $134.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38. The stock’s fifty day moving average is $122.18 and its 200-day moving average is $121.78. The company has a market capitalization of $2.77 billion, a PE ratio of 24.69 and a beta of 0.65.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. grew its stake in Chesapeake Utilities by 587.1% in the fourth quarter. Federated Hermes Inc. now owns 213 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Chesapeake Utilities by 2,018.2% during the 4th quarter. Versant Capital Management Inc now owns 233 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. Quantbot Technologies LP bought a new position in Chesapeake Utilities during the fourth quarter valued at about $50,000. Assetmark Inc. increased its stake in Chesapeake Utilities by 19.2% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 102 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Chesapeake Utilities by 805.2% during the fourth quarter. Sterling Capital Management LLC now owns 697 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 620 shares during the period. Hedge funds and other institutional investors own 83.11% of the company’s stock.
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.
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