By james art 
CHESAPEAKE Utilities (NYSE: CPK – Get Free Report) It was reduced by analysts for Stocknews.com shares research from the Rating “Hold” to the “Sell” rating in a report on a study published on Tuesday.
A number of other research analyzers have also weighed the company. Barclays raised their price target to Cheesapeake Utilities from $ 118.00 to $ 124.00 and gave the company a “equal weight” company in a report on Monday, October 7. Guggenheim has raised its target price of Cheesapeake Utilities from $ 118.00 to $ 129.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. One analyzer evaluated the shares with a sales rating, three rated a detention rating, and one rated the purchase of the shares. Based on MarketBeat data, the shares currently have an average “Hold” rating and a targeted consensus price of $ 123.00.
Read our latest CPK stock analysis
Chesapeake utilluise
NYSE: CPK opens in $ 121.17 on Tuesday. Chesapeake Utilities has a 1-year minimum of $ 98.25 and a 1-year peak of $ 134.20. The company has a debt to capital of 0.87, the current ratio of 0.38 and a fast ratio of 0.32. The company has a 50-day average price of $ 124.11 and a 200-day average price of $ 121.30. The company has a market limit of $ 2.76 billion, a price-profile ratio of 24.58 and a beta of 0.65.
Chesapeake Utilities (NYSE: CPK – Get Free Report) Last announced your profit results on Thursday, November 7th. The utility provider reported a $ 0.80 profit per quarter, heading the $ 0.69 consensus forecast with $ 0.11. The business had revenue of $ 160.14 million in the quarter, compared to a $ 164.80 million estimate. Cheesapeake Utilities has a return on equity of 9.08% and a net margin of 14.16%. During the same period in the previous year, the company published $ 0.69 EPS. Share research analysts predict that Cheesapeake Utilities will publish 5.39 EPS for the current year.
Institutional investors weigh Chesapeake’s utilities
Hedge funds recently purchased and sold shares from the action. State Street Corp has increased its participation in Chesapeake Utilities by 0.9% in the 3rd quarter. The State Street Corp now holds 1.222,149 shares of the utility provider of $ 152 513,000 after the purchase of an additional $ 11,068 shares in the last quarter. Copeland Capital Management LLC increased its position in Cheesapeake Utilities by 9.5% in the third quarter. Copeland Capital Management LLC holds 592,471 shares from the shares of utility provider worth $ 73 567,000 after the purchase of an additional 51,164 shares during the period. Geode Capital Management LLC raised its position in Cheesapeake Utilities by 1.6% in the 3rd quarter. Geode Capital Management LLC holds 516,586 shares from the $ 64.157,000 utility provider shares after the purchase of an additional $ 8,358 shares in the last quarter. Jennison Associates LLC increased its participation in Chesapeake Utilities with 2.7% in the fourth quarter. The Jennison Associates LLC holds 495 178 shares of the $ 60 090 000 utility supplier shares after purchasing an additional $ 12,889 shares in the last quarter. Finally, Boston Trust Walden Corp increased its participation in Chesapeake Utilities shares by 9.5% in the 3rd quarter. The Boston Trust Walden Corp already holds 300 552 shares from the shares of the utility service provider worth $ 37,320,000 after the purchase of an additional $ 26,147 shares in the last quarter. Institutional investors and hedge funds have 83.11% of the company’s shares.
For Chesapeake utilities
(Get a free report)
Chesapeake Utilities Corporation works as a company for energy supply. The company works through two segments, regulated energy and unregulated energy. The regulated energy segment for the distribution of natural gas in the central and southern deluer, the east coast of Maryland and Florida; regulated transmission of natural gas to the Delmarva, Ohio and Florida Peninsula; and regulated electrical distribution in northeast and northwestern Florida.
Increasing
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