Strs Ohio Acquires Shares of 4,600 Chesapeake Utilities Co. (NYSE:CPK)

Strs Ohio purchased a new stake in shares of Chesapeake Utilities Co. (NYSE:CPK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,600 shares of the utilities provider’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Chesapeake Utilities by 11.9% during the second quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock valued at $104,000 after buying an additional 148 shares during the last quarter. Pitcairn Co. bought a new stake in Chesapeake Utilities during the third quarter worth approximately $201,000. Chevy Chase Trust Holdings Inc. bought a new stake in Chesapeake Utilities during the third quarter worth approximately $207,000. Symons Capital Management Inc. bought a new stake in Chesapeake Utilities during the third quarter worth approximately $223,000. Finally, JPMorgan Chase & Co. bought a new stake in Chesapeake Utilities during the third quarter worth approximately $229,000. 62.93% of the stock is currently owned by institutional investors.

In related news, Director Thomas P. Hill, Jr. purchased 1,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were bought at an average price of $75.62 per share, with a total value of $75,620.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John R. Schimkaitis sold 2,500 shares of Chesapeake Utilities stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $76.65, for a total transaction of $191,625.00. The disclosure for this sale can be found here. 4.16% of the stock is currently owned by corporate insiders.

Shares of Chesapeake Utilities Co. (NYSE CPK) traded down $0.10 during trading hours on Monday, reaching $68.55. The company had a trading volume of 36,000 shares, compared to its average volume of 85,985. Chesapeake Utilities Co. has a 1 year low of $65.05 and a 1 year high of $86.35. The company has a market capitalization of $1,120.41, a PE ratio of 25.48, a price-to-earnings-growth ratio of 3.37 and a beta of 0.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.44.

Separately, Zacks Investment Research raised Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Tuesday, November 14th.

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About Chesapeake Utilities

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.

Institutional Ownership by Quarter for Chesapeake Utilities (NYSE:CPK)

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