Chesapeake Utilities Corp (NYSE:CPK) Is A Stock That Maxim Group Seems to be Very Interested In

Investors sentiment decreased to 0.89 in Q2 2018. Its down 0.45, from 1.34 in 2018Q1. It dropped, as 17 investors sold Chesapeake Utilities Corporation shares while 56 reduced holdings. 25 funds opened positions while 40 raised stakes. 10.02 million shares or 0.34% less from 10.05 million shares in 2018Q1 were reported.

250 were accumulated by Tradewinds Cap Mngmt. Us Bancorp De accumulated 726 shares. Employees Retirement Association Of Colorado has invested 0% of its portfolio in Chesapeake Utilities Corporation (NYSE:CPK). D E Shaw And holds 18,935 shares. California State Teachers Retirement Systems has 24,214 shares. Usca Ria Ltd reported 3,600 shares. First Republic Invest Mngmt, California-based fund reported 2,958 shares. 9,159 are owned by State Board Of Administration Of Florida Retirement Sys. First Manhattan stated it has 0.04% of its portfolio in Chesapeake Utilities Corporation (NYSE:CPK). State Street reported 321,820 shares stake. Wells Fargo Mn reported 0% of its portfolio in Chesapeake Utilities Corporation (NYSE:CPK). Jpmorgan Chase And accumulated 10,712 shares. Globeflex Capital Lp owns 5,800 shares or 0.09% of their US portfolio. Advisory Ltd Liability Co stated it has 2,544 shares or 0.02% of all its holdings. Piedmont Investment Ltd Liability owns 332 shares for 0% of their portfolio.

Since May 31, 2018, it had 0 buys, and 6 sales for $1.20 million activity. $136,818 worth of stock was sold by THOMPSON STEPHEN C on Monday, June 18. On Thursday, September 27 the insider Householder Jeffry M sold $42,225. Michael P. McMasters sold $529,780 worth of Chesapeake Utilities Corporation (NYSE:CPK) on Friday, June 15.

Why Has Maxim Group Given Chesapeake Utilities Corp (NYSE:CPK) a $100.0000 Price Target

Maxim Group analyst initiated coverage on Chesapeake Utilities Corp (NYSE:CPK) with a $100.0000 price target and “Buy” rating. The price target would suggest a potential upside of 16.23 % from firm’s current stock price.

Chesapeake Utilities Corporation (NYSE:CPK) Ratings Coverage

Among 3 analysts covering Chesapeake Utilities (NYSE:CPK), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Chesapeake Utilities has $100 highest and $86 lowest target. $94’s average target is 9.25% above currents $86.04 stock price. Chesapeake Utilities had 5 analyst reports since September 17, 2018 according to SRatingsIntel. On Monday, September 17 the stock rating was maintained by Wells Fargo with “Market Perform”. Janney Capital upgraded the shares of CPK in report on Friday, November 2 to “Buy” rating. Wells Fargo maintained Chesapeake Utilities Corporation (NYSE:CPK) on Monday, September 24 with “Market Perform” rating. Janney Capital downgraded the shares of CPK in report on Monday, September 24 to “Neutral” rating.

The stock increased 2.37% or $1.99 during the last trading session, reaching $86.04. About 93,163 shares traded or 68.25% up from the average. Chesapeake Utilities Corporation (NYSE:CPK) has risen 11.22% since December 2, 2017 and is uptrending. It has underperformed by 4.40% the S&P500.

Chesapeake Utilities Corporation, a diversified energy company, engages in various energy and other businesses. The company has market cap of $1.41 billion. The firm operates in two divisions, Regulated Energy and Unregulated Energy. It has a 21.79 P/E ratio. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.

More notable recent Chesapeake Utilities Corporation (NYSE:CPK) news were published by: Seekingalpha.com which released: “Chesapeake Utilities Corporation (CPK) CEO Mike McMasters on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on August 10, 2018, also Globenewswire.com with their article: “Market Trends Toward New Normal in Chesapeake Utilities, Schlumberger, American Eagle Outfitters, Spark Energy, Maximus, and Novartis AG — Emerging Consolidated Expectations, Analyst Ratings – GlobeNewswire” published on October 26, 2018, Nasdaq.com published: “Mid-Afternoon Market Update: NASDAQ Down Over 2.5%; Clementia Pharmaceuticals Shares Spike Higher – Nasdaq” on October 24, 2018. More interesting news about Chesapeake Utilities Corporation (NYSE:CPK) were released by: Nasdaq.com and their article: “Investor Expectations to Drive Momentum within Gerdau SA, Chesapeake Utilities, Ford Motor, Twenty-First Century Fox, Reliance Steel & Aluminum, and Sears — Discovering Underlying Factors of Influence – Nasdaq” published on September 28, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Abiomed, Allscripts, Apple, Carbonite, Kraft Heinz, L3, Southern Copper, Starbucks, VeriSign, XPO and More – 24/7 Wall St.” with publication date: November 02, 2018.

Chesapeake Utilities Corporation (NYSE:CPK) Institutional Positions Chart

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