3,908 Chesapeake Utilities Corporation $CPK Shares Sold by State of Alaska Department of Revenue

Posted by Francis Steltz on Oct 24th, 2026

State of Alaska Department of Revenue cut its holdings in shares of Chesapeake Utilities Corporation (NYSE:CPK – Free Report) by 45.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,739 shares of the utilities provider’s stock after selling 3,908 shares during the period. State of Alaska Department of Revenue’s holdings in Chesapeake Utilities were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CPK. BlackRock Inc. purchased a new position in Chesapeake Utilities in the 2nd quarter worth about $459,185,000. Bank of New York Mellon Corp bought a new position in Chesapeake Utilities during the 2nd quarter valued at about $25,935,000. Energy Income Partners LLC bought a new position in Chesapeake Utilities during the 2nd quarter valued at about $25,080,000. Jupiter Topco LLC bought a new position in Chesapeake Utilities during the 2nd quarter valued at about $19,744,000. Finally, Legal & General Group Plc purchased a new stake in shares of Chesapeake Utilities during the 2nd quarter valued at about $16,427,000. 83.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays set a $134.00 price target on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research note on Monday. Huntington started coverage on shares of Chesapeake Utilities in a report on Monday, September 14th. They set an “outperform” rating and a $150.00 price objective for the company. Mizuho set a $150.00 price objective on shares of Chesapeake Utilities and gave the company an “outperform” rating in a research report on Friday, September 11th. 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 report on Wednesday, September 30th. Finally, Weiss Ratings upgraded shares of Chesapeake Utilities from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.50.

Read Our Latest Analysis on CPK

Chesapeake Utilities Stock Performance

Shares of CPK opened at $134.33 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.32 and a quick ratio of 0.28. Chesapeake Utilities Corporation has a one year low of $118.88 and a one year high of $140.83. The firm has a market capitalization of $3.24 billion, a P/E ratio of 21.42 and a beta of 0.65. The business has a fifty day moving average of $131.06 and a 200 day moving average of $128.81.

Chesapeake Utilities (NYSE:CPK – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The firm had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $198.91 million. During the same quarter last year, the company posted $1.04 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. As a group, sell-side analysts anticipate that Chesapeake Utilities Corporation will post 6.40 EPS for the current year.

Chesapeake Utilities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Monday, September 14th were paid a dividend of $0.7350 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, September 14th. Chesapeake Utilities’s payout ratio is currently 46.89%.

Chesapeake Utilities Profile

(Free Report)

Chesapeake Utilities Corporation is an energy delivery company that provides natural gas, propane, electricity and related services to residential, commercial, industrial and institutional customers. Its operations include regulated utility businesses as well as unregulated energy and infrastructure activities.

The company distributes natural gas and electricity, transports natural gas through pipeline systems, and supplies propane and other fuels. It also develops and operates energy infrastructure and provides renewable natural gas and other energy solutions through its portfolio of operating subsidiaries.

Founded in 1859, Chesapeake Utilities serves customers primarily in Delaware, Maryland, Pennsylvania, Virginia, Florida and Ohio.