Chesapeake Utilities Corporation (NYSE:CPK – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $144.50.
A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company set a $136.00 price objective on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a research note on Wednesday, September 30th. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Mizuho set a $150.00 target price on Chesapeake Utilities and gave the stock an “outperform” rating in a research report on Friday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Chesapeake Utilities in a research note on Tuesday. Finally, Huntington started coverage on Chesapeake Utilities in a research report on Monday, September 14th. They issued an “outperform” rating and a $150.00 price target on the stock.
Check Out Our Latest Stock Report on Chesapeake Utilities
Institutional Investors Weigh In On Chesapeake Utilities
Chesapeake Utilities Price Performance
Shares of NYSE:CPK opened at $127.89 on Tuesday. Chesapeake Utilities has a 1-year low of $118.88 and a 1-year high of $140.83. The firm has a market capitalization of $3.08 billion, a PE ratio of 20.40 and a beta of 0.65. The business’s 50 day moving average is $131.67 and its 200-day moving average is $128.48. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79.
Chesapeake Utilities (NYSE:CPK – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $198.91 million. Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Sell-side analysts predict that Chesapeake Utilities will post 6.41 earnings per share for the current year.
Chesapeake Utilities Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, September 14th were issued a dividend of $0.7350 per share. This represents a $2.94 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, September 14th. Chesapeake Utilities’s dividend payout ratio is presently 46.89%.
About Chesapeake Utilities
Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy delivery company headquartered in Dover, Delaware. Through its operating divisions and subsidiaries, the company provides natural gas distribution, transmission and storage, propane distribution, electric distribution, and other energy-related services to residential, commercial, industrial and institutional customers.
The company operates regulated natural gas utilities in Delaware, Maryland and Florida, as well as natural gas transmission and pipeline businesses serving portions of the Mid-Atlantic and Southeast.
Recommended Stories
- Five stocks we like better than Chesapeake Utilities
- 3 Unique ETFs With Strong Momentum for the End of the Year
- 3 Beaten-Down Biotech Stocks With Triple-Digit Upside and Big Catalysts Ahead
- Schneider Just Paid Up for PTC—Is the SaaSpocalypse Overdone?
- Delta Air Lines Faces a Fuel Crisis—But There’s a Silver Lining
Receive News & Ratings for Chesapeake Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities and related companies with MarketBeat.com's FREE daily email newsletter.
