Janus Henderson Group PLC Sells 93,572 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Janus Henderson Group PLC lowered its position in shares of Chesapeake Utilities Co. (NYSE:CPK) by 33.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 182,244 shares of the utilities provider’s stock after selling 93,572 shares during the period. Janus Henderson Group PLC’s holdings in Chesapeake Utilities were worth $22,628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC increased its holdings in shares of Chesapeake Utilities by 33.7% in the second quarter. Wedge Capital Management L L P NC now owns 57,163 shares of the utilities provider’s stock worth $6,071,000 after purchasing an additional 14,417 shares during the period. Boston Trust Walden Corp increased its stake in Chesapeake Utilities by 76.1% in the 2nd quarter. Boston Trust Walden Corp now owns 274,405 shares of the utilities provider’s stock worth $29,142,000 after acquiring an additional 118,561 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Chesapeake Utilities by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 489,433 shares of the utilities provider’s stock valued at $51,979,000 after acquiring an additional 19,100 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Chesapeake Utilities by 11.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 53,121 shares of the utilities provider’s stock valued at $6,596,000 after acquiring an additional 5,487 shares during the last quarter. Finally, Savant Capital LLC purchased a new position in shares of Chesapeake Utilities during the second quarter worth about $3,834,000. Institutional investors own 83.11% of the company’s stock.

Analyst Upgrades and Downgrades

CPK has been the subject of several research analyst reports. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Barclays lifted their price objective on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Guggenheim increased their target price on Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Chesapeake Utilities presently has a consensus rating of “Hold” and a consensus price target of $123.00.

Chesapeake Utilities Price Performance

Shares of Chesapeake Utilities stock opened at $129.75 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38. Chesapeake Utilities Co. has a 52-week low of $98.25 and a 52-week high of $134.20. The company has a fifty day moving average of $124.26 and a 200-day moving average of $117.46. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 26.32 and a beta of 0.64.

Chesapeake Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be issued a $0.64 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.56 annualized dividend and a dividend yield of 1.97%. Chesapeake Utilities’s dividend payout ratio is currently 51.93%.

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.