Savant Capital LLC acquires stake in Chesapeake Utilities Co. during Q2

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Chesapeake Utilities ($NYSE:CPK) Co. is a publicly traded company that provides natural gas distribution, transmission, and other energy-related services to customers in the Mid-Atlantic and Florida regions. With a strong focus on customer service and responsible energy practices, Chesapeake Utilities has become a trusted provider in the energy industry. During the second quarter of this year, Chesapeake Utilities Co. caught the attention of Savant Capital LLC, a registered investment advisory firm based in Rockford, Illinois. According to the company’s 13F filing, Savant Capital LLC acquired a stake in Chesapeake Utilities Co., marking a new position for the firm in the company’s stock. The company has a solid track record of delivering strong earnings and dividends to its shareholders. The acquisition of a stake in Chesapeake Utilities Co. also aligns with Savant Capital LLC’s investment strategy, which focuses on identifying undervalued or underappreciated companies with strong financials and long-term growth potential. By adding Chesapeake Utilities to their portfolio, Savant Capital LLC is signaling their belief in the company’s potential for continued success.

In addition to strong financials and growth potential, Chesapeake Utilities Co. is also committed to being a responsible corporate citizen. The company has implemented various initiatives to minimize its environmental impact, such as increasing the use of renewable energy sources and investing in energy efficiency programs for customers. This aligns with Savant Capital LLC’s values and commitment to investing in companies with sustainable business practices. It also reinforces the confidence of shareholders and investors in the company’s ability to deliver long-term value. With a strong foundation and promising future prospects, Chesapeake Utilities Co. continues to be a solid choice for investors looking for stability and growth in the energy sector.

Price History

This acquisition caused a positive impact on CHESAPEAKE UTILITIES‘ stock prices, which opened at $118.24 and closed at $120.43, reflecting a 2.07% increase from the previous closing price of $117.99. This news has sparked interest among investors and has been met with enthusiasm by shareholders. The move by Savant Capital LLC to invest in CHESAPEAKE UTILITIES is seen as a strategic decision, highlighting the company’s potential for growth and profitability. This acquisition is expected to bring in fresh capital and resources, providing CHESAPEAKE UTILITIES with the necessary support to expand its operations and pursue new opportunities. This development also speaks to the overall positive sentiment surrounding CHESAPEAKE UTILITIES. The company has been performing well in recent years, reporting strong financial results and consistently meeting or exceeding market expectations.

With this new investment, CHESAPEAKE UTILITIES is well-positioned to continue its upward trajectory and create value for its stakeholders. Furthermore, this partnership with Savant Capital LLC is expected to bring in new perspectives and ideas to the table, further strengthening CHESAPEAKE UTILITIES’ position in the market. Overall, the acquisition of a stake in CHESAPEAKE UTILITIES by Savant Capital LLC is a positive development that signals confidence in the company’s performance and potential for growth. With this new partnership, CHESAPEAKE UTILITIES is well-equipped to pursue its long-term goals and maintain its position as a leading player in the utilities industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Chesapeake Utilities. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Chesapeake Utilities. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Chesapeake Utilities. More…

Key Ratios Snapshot

Some of the financial key ratios for Chesapeake Utilities are shown below. More…

Analysis

After conducting a thorough analysis of CHESAPEAKE UTILITIES, I have concluded that it is a solid company with strong fundamentals. According to our Star Chart, CHESAPEAKE UTILITIES excels in areas such as asset management, dividend payouts, and profitability. These are key indicators of a healthy and stable company. Additionally, CHESAPEAKE UTILITIES has shown moderate growth potential, placing it in the ‘rhino’ category. This means that while the company may not be experiencing rapid growth, it has still been able to achieve consistent revenue and earnings growth. This is a positive sign for investors looking for steady and reliable returns. In terms of financial health, CHESAPEAKE UTILITIES has received an intermediate score of 4/10. This takes into consideration its cashflows and debt levels, indicating that the company may be able to sustain its operations during times of crisis. This is an important factor for investors to consider, as it shows the company’s ability to weather any potential economic downturns. Based on these findings, I believe that CHESAPEAKE UTILITIES would be a suitable investment for conservative or moderate-risk investors. The company’s strong fundamentals and moderate growth potential make it an attractive option for those seeking stable returns. Additionally, its intermediate health score suggests that it may be able to withstand market fluctuations and continue to provide returns to shareholders. More…

Peers

The competition between Chesapeake Utilities Corp and its competitors is fierce. CF Energy Corp, Alliant Energy Corp, AS Latvijas Gaze are all fighting for market share in the competitive landscape.

– CF Energy Corp ($TSXV:CFY)

Calgary-based Cenovus Energy Inc. is a Canadian integrated oil and gas company. It is engaged in the development, production and marketing of crude oil, natural gas and natural gas liquids in Canada. Cenovus has two major operating areas: the oil sands in northern Alberta, which it uses advanced in situ methods to produce bitumen (a heavy oil), and its conventional oil and gas assets in Alberta and Saskatchewan. The company also has a 50% interest in two U.S. refineries.

– Alliant Energy Corp ($NASDAQ:LNT)

Alliant Energy Corporation is a public utility holding company that owns two electric and natural gas utilities, serving more than one million customers in Iowa and Wisconsin. Alliant Energy’s mission is to deliver the energy solutions and services customers and communities count on – safely, efficiently and responsibly. The company’s ROE is 10.06%.

– AS Latvijas Gaze ($LTS:0J4R)

Latvijas Gaze is a Latvian natural gas utility company. It is the largest Latvian gas supplier, with a market share of around 70%. The company is also the largest shareholder of Conexus Baltic Grid, the operator of Latvia’s natural gas transmission and storage system.

Latvijas Gaze has a market capitalization of 319.2 million as of 2022. The company’s return on equity was 12.15% as of the same year.

Latvijas Gaze is engaged in the import, export, storage, and distribution of natural gas in Latvia. The company also owns and operates a gas transmission system and a gas storage facility in the country. In addition, Latvijas Gaze provides gas-related services, such as gas metering, gas quality testing, and gas safety inspection.

Summary

Analysts at Savant Capital LLC recently purchased a new position in Chesapeake Utilities Co. during the second quarter. This could be indicative of positive sentiment towards the company and its stock. However, it is important to note that this is just one data point and should not be taken as a sole indicator for investing decisions. Investors should conduct thorough research and analysis on Chesapeake Utilities and consider other factors such as financial performance, industry trends, and market conditions before making any investment decisions.