Moody Aldrich Partners LLC lifted its stake in shares of Chesapeake Utilities Corporation (NYSE:CPK – Free Report) by 11.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,616 shares of the utilities provider’s stock after acquiring an additional 5,039 shares during the quarter. Chesapeake Utilities makes up 1.2% of Moody Aldrich Partners LLC’s holdings, making the stock its 19th biggest holding. Moody Aldrich Partners LLC owned about 0.20% of Chesapeake Utilities worth $6,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Chesapeake Utilities in the second quarter valued at approximately $29,000. First Bancorp Inc ME bought a new position in Chesapeake Utilities during the 2nd quarter worth approximately $37,000. Versant Capital Management Inc raised its holdings in Chesapeake Utilities by 38.8% during the 2nd quarter. Versant Capital Management Inc now owns 304 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Chesapeake Utilities by 24.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 404 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 79 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Chesapeake Utilities in the 2nd quarter worth approximately $52,000. 83.11% of the stock is currently owned by institutional investors.
Chesapeake Utilities Stock Down 0.5%
Shares of NYSE CPK opened at $133.90 on Thursday. The firm has a market cap of $3.23 billion, a PE ratio of 21.36 and a beta of 0.65. Chesapeake Utilities Corporation has a 12-month low of $118.88 and a 12-month high of $140.83. The company’s fifty day simple moving average is $131.06 and its 200 day simple moving average is $129.09. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 0.79.
Chesapeake Utilities (NYSE:CPK – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). Chesapeake Utilities had a net margin of 15.12% and a return on equity of 9.34%. The company had revenue of $201.90 million during the quarter, compared to the consensus estimate of $198.91 million. During the same period last year, the firm posted $1.04 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. As a group, sell-side analysts forecast that Chesapeake Utilities Corporation will post 6.40 earnings per share for the current fiscal year.
Chesapeake Utilities Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, September 14th were paid a $0.7350 dividend. The ex-dividend date was Monday, September 14th. This represents a $2.94 annualized dividend and a dividend yield of 2.2%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 46.89%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on CPK shares. Wells Fargo & Company set a $136.00 price objective on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research report on Wednesday, September 30th. Weiss Ratings raised shares of Chesapeake Utilities from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Wall Street Zen lowered shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Barclays set a $134.00 target price on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a report on Monday, October 19th. Finally, Huntington began coverage on shares of Chesapeake Utilities in a research report on Monday, September 14th. They set an “outperform” rating and a $150.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.50.
Get Our Latest Report on Chesapeake Utilities
About Chesapeake Utilities
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.
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