Peregrine Capital Management LLC Sells 1,980 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Peregrine Capital Management LLC trimmed its position in shares of Chesapeake Utilities Co. (NYSE:CPK) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,061 shares of the utilities provider’s stock after selling 1,980 shares during the quarter. Peregrine Capital Management LLC’s holdings in Chesapeake Utilities were worth $6,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CPK. Copeland Capital Management LLC grew its position in Chesapeake Utilities by 9.5% during the 3rd quarter. Copeland Capital Management LLC now owns 592,471 shares of the utilities provider’s stock worth $73,567,000 after acquiring an additional 51,164 shares during the last quarter. Barclays PLC grew its holdings in shares of Chesapeake Utilities by 342.4% during the third quarter. Barclays PLC now owns 37,048 shares of the utilities provider’s stock worth $4,600,000 after purchasing an additional 28,673 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Chesapeake Utilities by 9.5% in the third quarter. Boston Trust Walden Corp now owns 300,552 shares of the utilities provider’s stock valued at $37,320,000 after buying an additional 26,147 shares in the last quarter. Riverwater Partners LLC bought a new position in shares of Chesapeake Utilities in the third quarter valued at about $1,826,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Chesapeake Utilities by 31.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,561 shares of the utilities provider’s stock worth $7,644,000 after buying an additional 14,607 shares in the last quarter. Institutional investors and hedge funds own 83.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CPK shares. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Guggenheim boosted their price objective on shares of Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Chesapeake Utilities presently has an average rating of “Hold” and a consensus price target of $123.00.

Chesapeake Utilities Stock Performance

Chesapeake Utilities stock opened at $124.79 on Wednesday. The company has a market cap of $2.84 billion, a PE ratio of 25.31 and a beta of 0.65. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. Chesapeake Utilities Co. has a 1 year low of $98.25 and a 1 year high of $134.20. The company’s 50-day moving average is $122.00 and its two-hundred day moving average is $121.85.

Chesapeake Utilities Company Profile

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.