Chesapeake Utilities Corp (CPK) Files Form 4 Insider Selling : John R Schimkaitis Sells 500 Shares

Chesapeake Utilities Corp (CPK): John R Schimkaitis , director other of Chesapeake Utilities Corp sold 500 shares on Jun 27, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $63.03 per share for a total value of $31,513.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 29, 2016, John R Schimkaitis (director other) sold 500 shares at $61.25 per share price.On Mar 8, 2016, Elaine B. Bittner (Senior VP – Strategic Dev.) purchased 17 shares at $59.96 per share price.Also, On Mar 8, 2016, Beth W Cooper (Senior Vice President & CFO) purchased 3 shares at $59.96 per share price.On Mar 7, 2016, Thomas P Jr Hill (director) purchased 1,000 shares at $57.20 per share price.

Chesapeake Utilities Corporation: On Monday, Jun 27, 2016 heightened volatility was witnessed in Chesapeake Utilities Corporation which led to swings in the share price. The shares opened for trading at $62.73 and hit $64.85 on the upside , eventually ending the session at $64.48, with a gain of 2.58% or 1.62 points. The heightened volatility saw the trading volume jump to 1,49,835 shares. The 52-week high of the share price is $67.364 and the company has a market cap of $987 M . The 52-week low of the share price is at $45.25.

Chesapeake Utilities Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Chesapeake Utilities Corporation is Upgraded by Hilliard Lyons to Long-term Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 24, 2016.Chesapeake Utilities Corporation is Initiated by BB&T Capital Mkts to Hold. The Rating was issued 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.

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