Why One Fund Has a $12 Million Bet on Chesapeake Utilities Stock

This diversified energy company provides regulated and unregulated services to customers across the Mid-Atlantic and Southeast regions.Tufton Capital Management disclosed a purchase of 23,304 shares of Chesapeake Utilities (CPK +0.76%) in a January 28 SEC filing, with the estimated transaction value at $3.07 million based on the quarter’s average pricing.What happenedAccording to a January 28 SEC filing, Tufton Capital Management increased its position in Chesapeake Utilities (CPK +0.76%) by 23,304 shares. ...