Chesapeake Utilities Corporation (CPK) : New Amsterdam Partnersny reduced its stake in Chesapeake Utilities Corporation by 0.78% during the most recent quarter end. The investment management company now holds a total of 98,127 shares of Chesapeake Utilities Corporation which is valued at $6,256,578 after selling 767 shares in Chesapeake Utilities Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Chesapeake Utilities Corporation makes up approximately 1.45% of New Amsterdam Partnersny’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CPK by selling 1,510 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 30,744 shares of CPK which is valued at $1,960,237.Monarch Partners Asset Management boosted its stake in CPK in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 22,034 shares of Chesapeake Utilities Corporation which is valued at $1,408,413. Chesapeake Utilities Corporation makes up approx 0.14% of Monarch Partners Asset Management’s portfolio.Cibc World Markets boosted its stake in CPK in the latest quarter, The investment management firm added 3,947 additional shares and now holds a total of 7,693 shares of Chesapeake Utilities Corporation which is valued at $506,199. Eqis Capital Management sold out all of its stake in CPK during the most recent quarter. The investment firm sold 4,146 shares of CPK which is valued $272,517.
Chesapeake Utilities Corporation closed down -0.51 points or -0.80% at $63.25 with 54,146 shares getting traded on Thursday. Post opening the session at $61.49, the shares hit an intraday low of $61.35 and an intraday high of $64.55 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
Many Wall Street Analysts have commented on Chesapeake Utilities Corporation. Chesapeake Utilities Corporation was Upgraded by Hilliard Lyons to ” Long-term Buy” on Jun 24, 2016. Chesapeake Utilities Corporation was Initiated by BB&T Capital Mkts to “Hold” on Jun 22, 2016.
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.