Savant Capital LLC Decreases Position in Chesapeake Utilities Co. (NYSE:CPK)

Savant Capital LLC trimmed its holdings in shares of Chesapeake Utilities Co. (NYSE:CPK) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,925 shares of the utilities provider’s stock after selling 1,492 shares during the quarter. Savant Capital LLC owned 0.09% of Chesapeake Utilities worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of Chesapeake Utilities by 11.6% during the third quarter. Jane Street Group LLC now owns 41,032 shares of the utilities provider’s stock valued at $5,095,000 after acquiring an additional 4,262 shares in the last quarter. HighTower Advisors LLC increased its stake in Chesapeake Utilities by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 5,659 shares of the utilities provider’s stock valued at $702,000 after purchasing an additional 130 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Chesapeake Utilities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 287,993 shares of the utilities provider’s stock worth $35,760,000 after buying an additional 14,430 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Chesapeake Utilities during the third quarter worth $966,000. Finally, Systematic Financial Management LP purchased a new stake in shares of Chesapeake Utilities during the third quarter valued at $804,000. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

Chesapeake Utilities Price Performance

NYSE:CPK opened at $122.06 on Thursday. The firm’s fifty day moving average is $122.47 and its two-hundred day moving average is $121.70. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 24.76 and a beta of 0.65. Chesapeake Utilities Co. has a one year low of $98.25 and a one year high of $134.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Guggenheim raised their target price on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $123.00.

About Chesapeake Utilities

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.