Cutter Co Brokerage buys $1,700,160 stake in Chesapeake Utilities Corporation (CPK)

Chesapeake Utilities Corporation (CPK) : Cutter Co Brokerage scooped up 929 additional shares in Chesapeake Utilities Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 26,665 shares of Chesapeake Utilities Corporation which is valued at $1,700,160.Chesapeake Utilities Corporation makes up approximately 0.72% of Cutter Co Brokerage’s portfolio.

Other Hedge Funds, Including , New Amsterdam Partnersny reduced its stake in CPK by selling 767 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 98,127 shares of CPK which is valued at $6,256,578. Chesapeake Utilities Corporation makes up approx 1.45% of New Amsterdam Partnersny’s portfolio.Shell Asset Management Co reduced its stake in CPK by selling 1,284 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 22,598 shares of CPK which is valued at $1,444,464. Chesapeake Utilities Corporation makes up approx 0.03% of Shell Asset Management Co’s portfolio.

Chesapeake Utilities Corporation opened for trading at $65.24 and hit $66.28 on the upside on Monday, eventually ending the session at $66.07, with a gain of 2.24% or 1.45 points. The heightened volatility saw the trading volume jump to 1,01,651 shares. Company has a market cap of $1,012 M.

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.

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