According to the most recent report that Ellevest Inc. submitted to the Securities and Exchange Commission, during the third quarter of 2018, the company increased its holdings in Chesapeake Utilities Co. (NYSE: CPK). The fund’s current holdings in the stock of the utility provider amount to 2,235 shares, and it has increased those holdings throughout the period by purchasing 858 additional shares of stock. The most recent report that Ellevest Inc. was required to file with the Securities and Exchange Commission revealed that the company owned a stake in Chesapeake Utilities that was valued at $258,000.
Several additional institutional investors have recently made modifications to the proportion of the company’s stock that they own at their respective institutions. Summit Global Investments successfully increased the proportion of Chesapeake Utilities owned by 30.6% during the second quarter. After making additional purchases totaling 3,717 shares throughout the month, Summit Global Investments is now the proud owner of 15,882 shares held by the utility provider. The price of each share stands at $2,058,000 at the moment. During the third quarter, Clear Harbor Asset Management LLC increased the percentage of Chesapeake utility stock owned by 0.5%. Clear Harbor Asset Management LLC now has 61,707 shares of the utility provider’s stock after purchasing an additional 295 shares. These 61,707 shares have a combined value of $7,120,000 thanks to Clear Harbor Asset Management LLC’s purchases. During the second quarter, FORVIS Wealth Advisors LLC added approximately $400,000 to its investment in Chesapeake Utilities. The value of Deutsche Bank AG’s holdings in Chesapeake Utilities increased by 100.4% over the second quarter. After making additional purchases of 26,289 shares over time, Deutsche Bank AG now holds 52,471 shares of the utilities provider’s stock, now valued at $6,798,000. These shares were acquired due to Deutsche Bank AG’s previous purchases. During the second quarter of 2018, Wealthspire Advisors LLC increased the amount of Chesapeake utility stock owned by 0.3 percent from the previous quarter. This brings us to the conclusion of our discussion. During the most recent quarter, Wealthspire Advisors LLC increased its holdings in the stock of the utility provider by 95 shares, bringing the total value of its holdings to $3,776,000. This brings the total number of shares held by the company to 29,156. Currently, 74.23% of the company’s shares are owned by hedge funds and other institutional investors.
NYSE: CPK shares were listed for $120.73 when trading began on Thursday. The debt-to-equity ratio is calculated to be 0.72, the quick ratio is calculated to be 0.45, and the current ratio is calculated to be 0.51. The lowest price that Chesapeake Utilities Co. has been at in the past year is $105.79, while the company’s all-time high price is $142.81. The company’s market capitalization is estimated to be $2.14 billion, its price-to-earnings ratio stands at 24.84, and its beta value is 0.58. The current price of the stock, which is trading at $118.34, is higher than its 50-day simple moving average of $123.21 and its 200-day simple moving average of $123.21.
On November 2, the most recent quarterly earnings report was made public for Chesapeake Utilities, a company whose stock is traded on the New York Stock Exchange under the ticker symbol “CPK.” The utility company’s earnings per share for the quarter came in at