Chesapeake Utilities Corporatio (NYSE:CPK) has been the object of insider selling activity recently. Today John R. Schimkaitis, Director disclosed the sale of 500 shares of (CPK). The shares were purchased at an average price of $62.62. Schimkaitis now owns $9,098,936 of the stock per the Form 4 SEC filing.
These firms have also modified their investment in CPK. As of the end of the quarter Royal Bank Of Canada had bought a total of 19,194 shares growing its stake by 2,154.2%. The value of the investment in Chesapeake Utilities Corporatio increased from $56,000 to $1,329,000 a change of $1,273,000 quarter to quarter. Ifp Advisors, Inc downsized its stake by shedding 6 shares a decrease of 0.2% as of 06/30/2016. Ifp Advisors, Inc controls 3,029 shares valued at $200,000. The total value of its holdings increased 4.7%.
As of quarter end Schwab Charles Investment Management Inc had acquired 2,081 shares growing its position 4.1%. The value in dollars went from $2,899,000 to $3,518,000 a change of 21.4% quarter over quarter. Stifel Financial Corp trimmed its holdings by selling 90 shares a decrease of 82.6%. Stifel Financial Corp now controls 19 shares worth $2,000. The value of the position overall is down by 71.4%.
Equity analyst BB&T Capital starting coverage on the stock with an initial rating of “Buy”. On March 3, 2016 the stock rating was set at “Neutral” by Janney Capital which was a cut from the previous “Buy” rating.
On March 2 the company was downgraded to “Neutral” from “Outperform” in a statement from Baird. On August 10 the stock rating was upgraded from “Neutral” to “Long-term Buy” in a report issued by Hilliard Lyons.
On August 10 the stock rating was upgraded from “Neutral” to “Buy” in an announcement from Janney Capital. On August 10 the company was upgraded from “Neutral” to “Outperform” in a report from Baird.
The company is so far trading down by -0.48% since yesterday’s close of $62.86. Chesapeake Utilities Corporatio also recently declared a dividend for shareholders to be paid on Wednesday October 5th, 2016. The dividend payment will be $0.305 per share for the quarter or $1.22 annualized. This dividend represents a yeild of $1.95 which is the dividend as a percentage of the current share price. The ex-dividend date will be Tuesday the 13th of September 2016.
Company chares are trading at $62.56 just below $63.73, the 50 day moving average and which is a tad above the 200 day moving average of $62.05. The 50 day moving average was down $-1.31 whereas the 200 day average was up by +0.59%.
Chesapeake Utilities Corporatio’s P/E ratio is 22.69 and market capitalization is 956.46M. As of the last earnings report the EPS was $2.75 and is estimated to be $2.94 for the current year with 15,323,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.71 and the next full year EPS is anticipated to be $3.29.