JPMorgan Chase Reduces Stake in Chesapeake Utilities

Institutional investor sells nearly 50,000 shares of the utility provider

Mar. 3, 2026 at 1:07am

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JPMorgan Chase & Co. has reduced its stake in Chesapeake Utilities Corporation (NYSE:CPK) by 18.9% in the 3rd quarter, according to the company's latest 13F filing with the Securities and Exchange Commission. The institutional investor now owns approximately 206,476 shares of the utilities provider's stock, down from 254,563 shares previously.

Why it matters

Chesapeake Utilities is a diversified energy services holding company that provides natural gas distribution, transmission and storage, as well as propane distribution and other services across multiple U.S. markets. Changes in major institutional ownership can signal shifts in investor sentiment and impact the stock price.

The details

According to the 13F filing, JPMorgan Chase sold 48,087 shares of Chesapeake Utilities during the 3rd quarter. The institutional investor now owns approximately 0.88% of the company's outstanding shares, valued at $27.81 million as of the end of the reporting period.

  • JPMorgan Chase reduced its stake in Chesapeake Utilities in the 3rd quarter of 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company headquartered in New York City.

Chesapeake Utilities Corporation

A diversified energy services holding company that provides natural gas distribution, transmission and storage, as well as propane distribution and other services across multiple U.S. markets.

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The takeaway

The reduction in JPMorgan Chase's stake in Chesapeake Utilities could signal a shift in investor sentiment towards the utility provider, though the overall impact on the stock price remains to be seen. Analysts will likely continue to monitor institutional ownership and trading activity around Chesapeake Utilities as an indicator of broader market trends.