XTX Topco Ltd Takes $390,000 Position in Chesapeake Utilities Co. (NYSE:CPK)

XTX Topco Ltd acquired a new position in shares of Chesapeake Utilities Co. (NYSE:CPK) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,137 shares of the utilities provider’s stock, valued at approximately $390,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Chesapeake Utilities by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock worth $51,979,000 after purchasing an additional 19,100 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Chesapeake Utilities by 11.5% during the third quarter. Exchange Traded Concepts LLC now owns 53,121 shares of the utilities provider’s stock valued at $6,596,000 after buying an additional 5,487 shares during the period. Savant Capital LLC acquired a new stake in Chesapeake Utilities during the second quarter worth approximately $3,834,000. Quest Partners LLC purchased a new stake in Chesapeake Utilities in the 3rd quarter worth approximately $966,000. Finally, Systematic Financial Management LP acquired a new position in Chesapeake Utilities in the 3rd quarter valued at $804,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CPK shares. 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. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Guggenheim raised their price target 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 company’s stock. According to MarketBeat, Chesapeake Utilities currently has a consensus rating of “Hold” and a consensus price target of $123.00.

Chesapeake Utilities Stock Performance

NYSE:CPK opened at $127.37 on Monday. The company has a market cap of $2.90 billion, a P/E ratio of 25.84 and a beta of 0.64. 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 firm’s 50 day moving average is $124.75 and its two-hundred day moving average is $118.20. Chesapeake Utilities Co. has a fifty-two week low of $98.25 and a fifty-two week high of $134.20.

Chesapeake Utilities Dividend Announcement

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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.56 annualized dividend and a yield of 2.01%. Chesapeake Utilities’s dividend payout ratio is presently 51.93%.

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.