Investors are feeling more bullish on shares of Chesapeake Utilities Corporatio lately as implied by the downtick in short interest. The stock recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -5.94%. Short interest decreased from 229,769 to 216,129 over that timeframe. Days to cover decreased -1.0 to 3.0 and the percentage of shorted shares was 0.01% on September 29.
A few notable investment firms have updated their holdings. As of the end of the quarter Baird Financial Group, Inc. had sold 100 shares trimming its holdings by 2.6%. The value of the investment in Chesapeake Utilities Corporatio increased from $265,000 to $279,000 a change of $14,000 since the last quarter. As of quarter end William Blair Investment Management, LLC had acquired a total of 51,898 shares growing its position 21.9%. The value of the company’s investment in Chesapeake Utilities Corporatio went from $16,394,000 to $21,646,000 increasing 32.0% quarter over quarter.
As of quarter end Park National Corp /oh/ had sold a total of 500 shares trimming its stake by 13.8%. The value in dollars decreased from $271,000 to $244,000 a change of 10.0% for the reporting period. Eqis Capital Management, Inc. bolstered its position by buying 480 shares an increase of 14.2% from 06/30/2017 to 09/30/2017. Eqis Capital Management, Inc. now holds 3,871 shares valued at $303,000. The total value of its holdings increased 19.3%.
The company is so far trading up by 1.09%% since yesterday’s close of 80.05. Additionally the company declared a dividend which was paid on Thursday October 5th, 2017. The dividend payment was $0.325 per share for the quarter or $1.30 on an annualized basis. This dividend amount was represent a yield of $1.66. The ex-dividend date was set for Thursday the 14th of September 2017.
Shares last traded at $80.93 barely above $79.31, the stock’s 50 day moving average and just above the 200 day moving average of $75.69. The 50 day moving average moved up $1.61 whereas the 200 day moving average was up $5.23 or +6.914%.
Chesapeake Utilities Corporatio’s P/E ratio is 31.464 and the market value is 1.32B. As of the last earnings report the EPS was $2.57 and is expected to be $2.85 for the current year with 16,344,000 shares now outstanding. Next quarter’s EPS is estimated at $0.89 and the next full year EPS is anticipated to be $3.42.
Chesapeake Utilities Corporation (Chesapeake), launched on November 12, 1947, is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company, through its operating divisions and subsidiaries, is involved in regulated and unregulated energy businesses. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services. The Regulated Energy segment includes the Business’s natural gas distribution, natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution, propane and crude oil wholesale marketing, natural gas marketing and unregulated natural gas supply, gathering and processing, electricity and steam generation and other unregulated energy-related services to customers. The remainder of its operations is considered as Other businesses and eliminations, which include unregulated subsidiaries that own real estate leased to Chesapeake..