Mutual of America Capital Management LLC Has $6.40 Million Holdings in Chesapeake Utilities Corporation $CPK

Mutual of America Capital Management LLC raised its holdings in shares of Chesapeake Utilities Corporation (NYSE:CPK) by 4.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 53,257 shares of the utilities provider’s stock after purchasing an additional 2,086 shares during the period. Mutual of America Capital Management LLC’s holdings in Chesapeake Utilities were worth $6,403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management purchased a new position in Chesapeake Utilities during the 1st quarter valued at about $26,000. JFS Wealth Advisors LLC grew its stake in shares of Chesapeake Utilities by 1,909.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 221 shares of the utilities provider’s stock valued at $27,000 after buying an additional 210 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Chesapeake Utilities by 292.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock valued at $28,000 after buying an additional 164 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Chesapeake Utilities by 50.7% in the 1st quarter. Farther Finance Advisors LLC now owns 315 shares of the utilities provider’s stock valued at $41,000 after buying an additional 106 shares in the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of Chesapeake Utilities in the 1st quarter valued at approximately $61,000. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Insiders Place Their Bets

In other Chesapeake Utilities news, CFO Beth W. Cooper sold 5,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $132.15, for a total value of $660,750.00. Following the sale, the chief financial officer directly owned 90,713 shares in the company, valued at $11,987,722.95. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.51% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Chesapeake Utilities in a research note on Wednesday, October 8th. Barclays set a $128.00 target price on Chesapeake Utilities and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.50.

Chesapeake Utilities Stock Performance

Shares of NYSE CPK opened at $134.26 on Tuesday. The business has a fifty day simple moving average of $128.81 and a 200 day simple moving average of $125.90. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 23.93 and a beta of 0.74. Chesapeake Utilities Corporation has a one year low of $115.12 and a one year high of $140.59.

Chesapeake Utilities (NYSE:CPK) last issued its earnings results on Thursday, August 7th. The utilities provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Chesapeake Utilities had a return on equity of 9.20% and a net margin of 14.89%.The business had revenue of $192.80 million during the quarter, compared to analyst estimates of $182.45 million. During the same period in the prior year, the company posted $0.86 earnings per share. Chesapeake Utilities’s revenue was up 15.9% on a year-over-year basis. Chesapeake Utilities has set its FY 2025 guidance at 6.150-6.35 EPS. Sell-side analysts expect that Chesapeake Utilities Corporation will post 5.39 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Monday, September 15th were given a $0.685 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, September 15th. Chesapeake Utilities’s dividend payout ratio is 48.84%.

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.