Wealthcare Capital Partners LLC Invests $542,000 in Chesapeake Utilities Co. (NYSE:CPK)

Wealthcare Capital Partners LLC bought a new stake in shares of Chesapeake Utilities Co. (NYSE:CPK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,469 shares of the utilities provider’s stock, valued at approximately $542,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in Chesapeake Utilities by 0.9% in the 3rd quarter. State Street Corp now owns 1,222,149 shares of the utilities provider’s stock worth $152,513,000 after purchasing an additional 11,068 shares in the last quarter. Copeland Capital Management LLC increased its holdings in shares of Chesapeake Utilities by 9.5% in the third quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider’s stock worth $73,567,000 after buying an additional 51,164 shares during the period. Geode Capital Management LLC boosted its stake 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 valued at $64,157,000 after purchasing an additional 8,358 shares during the period. Jennison Associates LLC boosted its holdings in shares of Chesapeake Utilities by 2.7% during the fourth quarter. Jennison Associates LLC now owns 495,178 shares of the utilities provider’s stock worth $60,090,000 after purchasing an additional 12,889 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in shares of Chesapeake Utilities by 9.5% during the third quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider’s stock valued at $37,320,000 after acquiring an additional 26,147 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Chesapeake Utilities Price Performance

Chesapeake Utilities stock opened at $122.30 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 24.81 and a beta of 0.65. The firm has a 50-day moving average of $122.78 and a two-hundred day moving average of $121.67. Chesapeake Utilities Co. has a 1 year low of $98.25 and a 1 year high of $134.20.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CPK shares. StockNews.com raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Guggenheim increased their price objective 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. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $123.00.

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.