Chesapeake Utilities Co. (NYSE:CPK – Get Rating) SVP Kevin J. Webber sold 2,060 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $129.00, for a total value of $265,740.00. Following the completion of the sale, the senior vice president now owns 7,993 shares of the company’s stock, valued at $1,031,097. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Chesapeake Utilities Price Performance
Shares of CPK stock opened at $128.43 on Friday. The stock has a 50-day moving average price of $124.28 and a 200 day moving average price of $121.27. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 0.69. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 25.43 and a beta of 0.59. Chesapeake Utilities Co. has a 12 month low of $105.79 and a 12 month high of $142.39.
Chesapeake Utilities Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, March 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 42.38%.
Hedge Funds Weigh In On Chesapeake Utilities
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on CPK. Wells Fargo & Company raised their target price on Chesapeake Utilities from $110.00 to $115.00 in a research note on Wednesday, December 14th. StockNews.com initiated coverage on Chesapeake Utilities in a research report on Thursday. They issued a “hold” rating for the company. Royal Bank of Canada lifted their price objective on Chesapeake Utilities from $131.00 to $133.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 14th. Finally, Guggenheim lifted their price objective on Chesapeake Utilities from $112.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 8th.
About Chesapeake Utilities
Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity, and the generation of electricity and steam. It operates through the following segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity.
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