FourThought Financial Partners LLC Takes $4.63 Million Position in Chesapeake Utilities Co. (NYSE:CPK)

FourThought Financial Partners LLC purchased a new position in shares of Chesapeake Utilities Co. (NYSE:CPK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 38,167 shares of the utilities provider’s stock, valued at approximately $4,632,000. FourThought Financial Partners LLC owned about 0.17% of Chesapeake Utilities as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Chesapeake Utilities by 0.9% during the third quarter. State Street Corp now owns 1,222,149 shares of the utilities provider’s stock valued at $152,513,000 after buying an additional 11,068 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Chesapeake Utilities by 1.6% during the third quarter. Geode Capital Management LLC now owns 516,586 shares of the utilities provider’s stock worth $64,157,000 after purchasing an additional 8,358 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Chesapeake Utilities by 2.7% during the 4th quarter. Jennison Associates LLC now owns 495,178 shares of the utilities provider’s stock valued at $60,090,000 after buying an additional 12,889 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Chesapeake Utilities by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 287,993 shares of the utilities provider’s stock valued at $35,760,000 after buying an additional 14,430 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Chesapeake Utilities by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 259,064 shares of the utilities provider’s stock valued at $32,168,000 after acquiring an additional 7,666 shares in the last quarter. 83.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on CPK shares. Guggenheim raised their price target on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.00.

Chesapeake Utilities Trading Up 0.3 %

Shares of CPK opened at $124.63 on Tuesday. 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 50-day moving average price of $121.75 and a 200 day moving average price of $122.11. Chesapeake Utilities Co. has a 12-month low of $98.25 and a 12-month high of $134.20. The firm has a market capitalization of $2.84 billion, a P/E ratio of 25.28 and a beta of 0.65.

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.