Ct Mason Lowers stake in Chesapeake Utilities Corporation (CPK)

Chesapeake Utilities Corporation (CPK) : Ct Mason reduced its stake in Chesapeake Utilities Corporation by 46.71% during the most recent quarter end. The investment management company now holds a total of 7,549 shares of Chesapeake Utilities Corporation which is valued at $440,333 after selling 6,618 shares in Chesapeake Utilities Corporation , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Chesapeake Utilities Corporation makes up approximately 0.19% of Ct Mason’s portfolio.

Chesapeake Utilities Corporation closed down -1.96 points or -3.26% at $58.2 with 1,30,650 shares getting traded on Tuesday. Post opening the session at $60.1, the shares hit an intraday low of $57.93 and an intraday high of $60.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Chesapeake Utilities Corporation reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.45. The company had revenue of $102.34 million for the quarter, compared to analysts expectations of $100.90 million. The company’s revenue was up 10.4% compared to the same quarter last year.

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company through its operating divisions and subsidiaries is engaged in various energy and other businesses. The Company provides natural gas distribution and transmission electric distribution and propane distribution service. The Company operates in Regulated Energy Unregulated Energy and Other. The Regulated Energy segment includes the Company’s natural gas distribution natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution propane wholesale marketing and natural gas marketing operations which are unregulated as to their rates and services. Other segment consists of unregulated subsidiaries that own real estate leased to Chesapeake.

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