John R. Schimkaitis Sells 2,125 Shares of Chesapeake Utilities Co. (CPK) Stock

Chesapeake Utilities Co. (NYSE:CPK) insider John R. Schimkaitis sold 2,125 shares of Chesapeake Utilities stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $68.70, for a total value of $145,987.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

John R. Schimkaitis also recently made the following trade(s):

  • On Tuesday, December 27th, John R. Schimkaitis sold 500 shares of Chesapeake Utilities stock. The shares were sold at an average price of $67.59, for a total value of $33,795.00.

Shares of Chesapeake Utilities Co. (NYSE:CPK) traded down 1.37% on Monday, hitting $68.60. The stock had a trading volume of 28,761 shares. The firm has a 50-day moving average price of $66.85 and a 200-day moving average price of $64.48. Chesapeake Utilities Co. has a 52 week low of $56.56 and a 52 week high of $70.70. The stock has a market capitalization of $1.12 billion, a P/E ratio of 23.99 and a beta of 0.20.

Chesapeake Utilities (NYSE:CPK) last posted its earnings results on Tuesday, February 28th. The company reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. Chesapeake Utilities had a return on equity of 11.34% and a net margin of 8.98%. The company had revenue of $141.90 million for the quarter, compared to the consensus estimate of $116.70 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. Chesapeake Utilities’s revenue was up 35.7% on a year-over-year basis. Equities analysts expect that Chesapeake Utilities Co. will post $3.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, March 13th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 45.19%.

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Several hedge funds and other institutional investors have recently bought and sold shares of CPK. CIBC World Markets Inc. increased its position in Chesapeake Utilities by 1.9% in the third quarter. CIBC World Markets Inc. now owns 7,837 shares of the company’s stock valued at $479,000 after buying an additional 144 shares during the period. Wells Fargo & Company MN increased its position in Chesapeake Utilities by 1.2% in the third quarter. Wells Fargo & Company MN now owns 13,622 shares of the company’s stock valued at $832,000 after buying an additional 157 shares during the period. Intrust Bank NA increased its position in Chesapeake Utilities by 2.5% in the third quarter. Intrust Bank NA now owns 6,960 shares of the company’s stock valued at $425,000 after buying an additional 167 shares during the period. Victory Capital Management Inc. increased its position in Chesapeake Utilities by 17.5% in the third quarter. Victory Capital Management Inc. now owns 1,697 shares of the company’s stock valued at $104,000 after buying an additional 253 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Chesapeake Utilities by 3.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,590 shares of the company’s stock valued at $776,000 after buying an additional 359 shares during the period. 56.97% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on CPK shares. Zacks Investment Research lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Monday, November 28th. Wells Fargo & Co started coverage on Chesapeake Utilities in a report on Tuesday, November 29th. They set a “market perform” rating for the company. Seaport Global Securities started coverage on Chesapeake Utilities in a report on Friday, December 2nd. They set a “neutral” rating and a $65.00 target price for the company. Finally, Ladenburg Thalmann Financial Services started coverage on Chesapeake Utilities in a report on Friday, December 9th. They set a “neutral” rating and a $67.00 price objective for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Chesapeake Utilities has a consensus rating of “Hold” and an average target price of $68.60.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. It provides natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service.

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