Capital Impact Advisors LLC Has $557,000 Position in Chesapeake Energy Co. (NASDAQ:CHK)

Capital Impact Advisors LLC increased its stake in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 11.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,329 shares of the company’s stock after acquiring an additional 743 shares during the period. Capital Impact Advisors LLC’s holdings in Chesapeake Energy were worth $557,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CHK. Raymond James Financial Services Advisors Inc. raised its holdings in Chesapeake Energy by 23.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,958 shares of the company’s stock worth $518,000 after acquiring an additional 1,121 shares in the last quarter. American Century Companies Inc. raised its stake in Chesapeake Energy by 44.0% in the first quarter. American Century Companies Inc. now owns 28,070 shares of the company’s stock valued at $2,442,000 after buying an additional 8,578 shares during the period. PNC Financial Services Group Inc. raised its stake in Chesapeake Energy by 20,980.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,054 shares of the company’s stock valued at $93,000 after buying an additional 1,049 shares during the period. Allianz Asset Management GmbH raised its stake in Chesapeake Energy by 64.3% in the first quarter. Allianz Asset Management GmbH now owns 287,074 shares of the company’s stock valued at $24,976,000 after buying an additional 112,360 shares during the period. Finally, Prudential PLC bought a new stake in Chesapeake Energy in the first quarter valued at approximately $569,000. Institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CHK. Truist Financial upped their price objective on Chesapeake Energy from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday. UBS Group upped their price objective on Chesapeake Energy from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. StockNews.com began coverage on Chesapeake Energy in a research note on Wednesday, August 23rd. They issued a “hold” rating on the stock. Wells Fargo & Company upped their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the company an “equal weight” rating in a research note on Friday, September 1st. Finally, Benchmark dropped their price objective on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a research note on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.91.

Chesapeake Energy Stock Performance

Shares of NASDAQ CHK traded down $0.63 during trading hours on Wednesday, reaching $87.57. 95,536 shares of the stock were exchanged, compared to its average volume of 1,598,879. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 2.08 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.34 and a current ratio of 1.34. Chesapeake Energy Co. has a 52 week low of $69.68 and a 52 week high of $107.31. The stock’s fifty day simple moving average is $85.04 and its 200 day simple moving average is $81.73.

Chesapeake Energy (NASDAQ:CHK) last announced its earnings results on Tuesday, August 1st. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $917.52 million. Chesapeake Energy had a return on equity of 18.92% and a net margin of 49.75%. During the same quarter last year, the company earned $4.87 earnings per share. Sell-side analysts predict that Chesapeake Energy Co. will post 4.18 EPS for the current year.

Chesapeake Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Thursday, August 17th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Chesapeake Energy’s dividend payout ratio is currently 5.42%.

About Chesapeake Energy

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.